For banks, this means dependence on non-funded income will continue rising. While it could be sustainable, it is not recommended. This is why savings rates are low. The only deposits in the banks are statutory deposits, but they are transitory. “Going forward in the harsh economic environmen...
However, some analysts believe that the interest rates guiding benchmark remains too high given that it provides a window into the central bank’s preferred lending rates at a time most are predominantly short-term. Economist and Zimbabwe Chamber of Commerce chief executive Takunda Mugaga said bank...
“Lending by banks to both the government and the private sector is hereby suspended with immediate effect, until further notice,” Mnangagwa said in a statement. He accused unnamed speculators of borrowing Zimbabwe dollars at below-inflation interest rates and using the money to trade in ...
The terms and conditions attached to these rates differ by country, however, limiting their comparability.Description: The map below shows how Interest rate spread (lending rate minus deposit rate, %) varies by country. The shade of the country corresponds to the magnitude of the indicator. The...
I have started a money lending business in Zimbabwe after having started off as an agent for a commercial bank. I have gained valuable experience and am willing to share it with all those who may need it. The only challenge I am facing is that of inadequate cash. All my clients are wel...
(IMF) as representative interest rates offered by banks to resident customers. The terms and conditions attached to these rates differ by country, however, limiting their comparability. In 2009 the IMF began publishing a new presentation of monetary statistics for countries that report data in ...
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on r...
The closely watched general election taking place in Zimbabwe has been marred by long delays, accusations of vote-rigging and the arrest of local polling observers, threatening another contested election outcome for the southern African nation. Some voters were still waiting to cast ballots on Thursda...
Aiming to encourage lending in Urban Enterprise Zones 来自 EBSCO 喜欢 0 阅读量: 35 作者: A Kitchenman 摘要: The article highlights the legislative bill S-1885, which allows the deduction of income received by lenders on loans to businesses located in New Jersey's Urban Enterprise Zones (...
BAZ president Webster Rusere last week told an Actuaries Association of Zimbabwe (ASZ) 5th annual congress that while the RBZ had not capped the lending rates, banks are keen on safeguarding the interests of the borrower as well as those of the investors. ...