Zimbabwe: Stanchart Meets New Capital Levels

BRITISH bank Standard Chartered Bank Zimbabwe Limited (Stanchart) has reported that it is already in compliance with new capital levels and is "well positioned to support the growth and expansion of Zimbabwean business".

In a statement accompanying financial results for the half year to June 30, 2012, acting board chairperson, Samuel Rushwaya, said Stanchart had surpassed the new capital threshold for commercial banks of US$25 million by December 31, 2012.

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