Africa-Press – Zimbabwe. The Reserve Bank of Zimbabwe (RBZ) has announced that Nedbank Zimbabwe is now compliant with the minimum capital requirement of ZW$ equivalent to USD30 million.
Further to the announcement in the Monetary Policy Statement of 7 February 2022 that, Nedbank Zimbabwe Limited was non-compliant with the minimum capital requirement as at 31 December 2021, the Bank is pleased to advise the public that, Nedbank Zimbabwe Limited has raised additional capital through a rights issue and is now compliant with the minimum capital requirement of ZW$ equivalent to USD30 million.
Accordingly, Nedbank Zimbabwe’s reported minimum capital as at 9 February 2022 is ZW$ equivalent to USD31.1 million, against the regulatory minimum of the ZW$ equivalent to USD 30 million.
John P. Mangudya
Governor
For More News And Analysis About Zimbabwe Follow Africa-Press
