FINANCIAL SERVICES

Metbank to focus on mortgage financing, e-banking

METBANK says it will focus its lending business on mortgage financing and commercial banking products that promote financial inclusion under a strategic plan that will determine the direction of the i...

By Staff reporter | Published: 12 September 2018

FINANCIAL SERVICES

Women's bank to roll-out agent banking facilities

THE Zimbabwe Women''s Microfinance Bank (ZWMB) is in the process of rolling out agent banking facilities as it seeks to improve financial inclusion especially in remote areas, a Cabinet official said....

By Staff reporter | Published: 15 July 2018

FINANCIAL SERVICES

FinTechs are filling the gaps in SA's banking industry

The South African government has committed to an aggressive program of economic reform to reignite its stalled economy. President Cyril Ramaphosa's new deal for banks and corporates offers renewed dyn...

By Agencies | Published: 04 June 2018

FINANCIAL SERVICES

Banking sector demands 60% pay rise

WORKERS in the banking sector are demanding a 60 percent salary increase and have given their employers a two-week ultimatum after which they will go on strike if their demands are not met.In a letter...

By Staff reporter | Published: 23 May 2018

POLITICS

British govt banking on Mnangagwa

EVIDENCE of Britain's meddlesome support for President Emmerson Mnangagwa's administration and that he is their preferred choice to lead Zimbabwe after this year's general elections in July is mountin...

By Staff reporter | Published: 18 May 2018

FINANCIAL SERVICES

New accounting rules set to shake up banking sector

NEW accounting rules introduced in January this year to force banks to estimate future credit losses are likely to have a significant impact on the country's financial institutions, accountants have n...

By Staff reporter | Published: 10 May 2018

FINANCIAL SERVICES

CBZ embraces digital banking

CBZ Bank has joined its peers in discarding manual or paper transactions and adopting digital transacting.The bank has given its customers up to May 31 to register with its digital platforms — "CBZ ...

By Staff reporter | Published: 07 May 2018

TELECOMS & TECHNOLOGY

MTN, EcoBank in mobile banking partnership

MTN has signed an agreement to form a mobile banking partnership with Ecobank across the continent.The mobile giant says it's in line with building its mobile services business, which is an important ...

By eNCA | Published: 10 April 2018

FINANCIAL SERVICES

Nedbank Zim launches new banking system

MBCA Zimbabwe this week changed its name to Nedbank Zimbabwe after the registrar of companies approved the change of its corporate identity as part of efforts to spur growth.The Nedbank Group is the f...

By Staff reporter | Published: 16 March 2018

BUSINESS NEWS

Banking loans skewed towards productive sectors

LOCAL banks have improved their support to the productive sectors advancing over 73 percent of their total loan book which stood at $3.80 billion last year.In the past, the banking sector loans and ad...

By Staff reporter | Published: 09 February 2018

FINANCIAL SERVICES

Excessive borrowing destabilises banking sector

Government excessive borrowing on the local banking sector is weakening the overall financial services market, with continued issuance of Treasury Bonds and overdrafts at the Central Bank escalating t...

By Staff reporter | Published: 09 February 2018

FINANCIAL SERVICES

Banking sector capitalisation increases to $1.24bn

Banking sector capitalisation increased to $1,24 billion by end of June 2017 from $1,22 billion recorded in the first quarter.Parliament's Budget Office (PBO) said all the banking institutions were ad...

By Staff reporter | Published: 18 October 2017

FINANCIAL SERVICES

Discovery granted a banking licence

The Registrar of Banks has granted Discovery a banking licence, the JSE-listed company said in a statement on Monday.This follows the decision by the Registrar of Banks in October 2016 to give Discove...

By Staff reporter | Published: 16 October 2017

ZIMBABWE

Cash shortage affects banking sector jobs

The switch to high-percentage electronic banking, fed by the prevailing cash shortage countrywide, is reportedly taking toll on job security in the banking sectors amid indications that several banks...

By Staff reporter | Published: 28 September 2017

FINANCIAL SERVICES

Zims banking system as a hindrance' to trade

Iranian MPs yesterday described Zimbabwe's banking system as a hindrance to business and trade between the two countries, as it had become a nightmare to transfer money across borders.MPs from the Ira...

By Staff reporter | Published: 21 September 2017

FINANCIAL SERVICES

NMB gets RBZ approval for agency banking

Listed financial services provider NMB Holdings has received approval from the Reserve Bank of Zimbabwe for its banking subsidiary to introduce agency banking.Chief executive Mr Ben Washaya told anal...

By Staff reporter | Published: 24 August 2017

FINANCIAL SERVICES

Banking stocks turn off investors

Banking stocks are still a huge turnoff for investors on the local equities market if valuation multiples are anything to go by.A look at price-to-book ratios of Zimbabwe Stock Exchange (ZSE)-listed c...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Zim banking sector growth to slow down

Zimbabwe's financial sector growth is anticipated to slow down to 1,7 percent after bankers smiled all the way to the bank and recorded a 42 percent profit surge last year, data from the World Bank sh...

By Staff reporter | Published: 21 July 2017

MINING & RETAIL

Retail shop in soup for not banking cash

TOP managers at DCK Supermarket's Gweru branch appeared in court yesterday charged with failing to bank their daily cash receipts in contravention of the Reserve Bank of Zimbabwe's (RBZ) Bank Use Prom...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

Zim starved of international banking support

Zimbabwe is starved of access to foreign finance and only has three international banks availing credit to the country due to isolation and sanctions that Western countries imposed, the central bank ...

By Staff reporter | Published: 13 July 2017

FINANCIAL SERVICES

'Rampant corruption threatens Zimbabwe banking sector'

DEPOSITORS Protection Corporation (DPC) chief executive officer, John Chikura, has said the worsening economic crisis facing the country was hindering the performance of most banks, but warned that mo...

By Staff reporter | Published: 13 July 2017

FINANCIAL SERVICES

Stanbic to launch mobile banking app

Standard Bank Africa has announced plans to launch a new banking application in ten countries including at its local subsidiary Stanbic Zimbabwe, before the end of this year.Stanbic Bank Zimbabwe is a...

By New Ziana | Published: 12 July 2016

FINANCIAL SERVICES

Zimbabwe banking sector profits decline

The Reserve Bank of Zimbabwe says the banking sector's capitalisation though largely in compliance with minimum capital requirements, remains under threat from losses being recorded by a few banking i...

By Staff reporter | Published: 23 June 2015

FINANCIAL SERVICES

IDBZ awaits Banking Act amendments

The Infrastructure Development Bank of Zimbabwe (IDBZ) says it awaits finalisation of the Banking Act amendments before it can recapitalise in line with Reserve Bank of Zimbabwe requirements.This come...

By Staff reporter | Published: 07 June 2015

FINANCIAL SERVICES

RBZ lauds mobile banking

The Reserve Bank of Zimbabwe (RBZ) says mobile banking is an important driver of transactions in the financial sector as it caters for millions of people who do not have accounts.RBZ Governor, Dr John...

By Staff reporter | Published: 03 July 2014
Pages:
1
2
3

Latest News

Latest Published Reports

Latest jobs