StanChart rolls out retail digital banking

The country's oldest financial institution, Standard Chartered Bank Zimbabwe (StanChart), is planning to strengthen its franchise by rolling out its first digital banking platform for its retail custo...

By Staff reporter | Published: 02 May 2019


Empower Bank to introduce agency banking

EMPOWER Bank has set sights at introducing agency bank as part of its efforts to reach out to all marginalised youths across the length and breadth of the country.Empower Bank head of marketing Mrs Ch...

By Staff reporter | Published: 23 December 2018


CABS come tops Banks and Banking survey

CABS emerged the top-performing bank at this year's edition of the Zimbabwe Independent Banks and Banking Survey ceremony, which was held in Harare last night.CBZ was the first runner-up, followed by ...

By Staff reporter | Published: 30 November 2018


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


'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


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

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