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Zimbabwe: Obert Mpofu's Allied Bank Faces Collapse
SW Radio, 18 February 2014
The troubled Allied Bank is reportedly on the verge of collapse with its owner, ZANU PF Transport Minister Obert Mpofu, said to be failing to inject more cash to keep it afloat. Read more »
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Zimbabwe: Allied Bank to Sell Shares
The Herald, 17 February 2014
ALLIED Bank is considering recapitalising through a placement of shares to potential investors, failure of which it will downgrade its banking license to a deposit taking… Read more »
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Zimbabwe: Allied Bank Problems Worsen
Zimbabwe Independent, 7 February 2014
ALLIED Bank workers have sought the intervention of the Reserve Bank of Zimbabwe (RBZ) in a bid to end management and liquidity problems besetting the financial institution, the… Read more »