-Zimbabwe reduces shareholding in banks.
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.
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