Printer Friendly

-Zimbabwe reduces shareholding in banks.

Global Banking News-April 2, 2013--Zimbabwe reduces shareholding in banks(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 02 April 2013

The government of Zimbabwe has reduced its shareholding in banks.

The government said that it was planning to limit individual and corporate bodies' shareholding by five per cent and 25 per cent respectively in any banking institution. The move, the government said, was part of instilling corporate governance and responsibility in the sector.

The government also said that individuals and corporates can only exceed the limit with approval from the Registrar of Banks.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2013 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Geographic Code:6ZIMB
Date:Apr 2, 2013
Words:117
Previous Article:-NVB reports fall in Internet banking fraud.
Next Article:-Lloyds to sell stake in St James's Place.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |