Zimbabwe: Capitalisation - Baz Banks On RBZ

THE Bankers' Association of Zimbabwe is hoping that Reserve Bank of Zimbabwe Governor Dr Gideon Gono will review his position on the new minimum capital requirements for banking institutions. The banking industry lobby group is rooting for what it has termed "the best approach" to the issue after discussions with and submissions made to the apex bank.

BAZ executive director Mr Sij Biyam said while banks were alive to the need for well capitalised banking entities they were hoping for "the best approach" to the issue in view of the liquidity crisis pervading the economy.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.