Zimbabwe to Set New Capital Requirements for Banks, News Says
Gono didn’t say how much the banks would have to maintain as minimum capital, the Harare-based newspaper said. Twenty of Zimbabwe’s 25 licensed banks have capital reserves in excess of $12.5 million, it said.
Barbican Bank (Pvt) Ltd. may lose its license after failing to open a year after it was licensed, Daily News said. Royal Bank (Pvt) Ltd. and Zimbabwe Allied Banking Group (Pvt) Ltd. have less than $12.5 million in capital reserves, it said.
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