Bank deposits artificial, says OMSEC report

ZIMBABWE’s banking sector deposits, which amounted to $8,48 billion as at December 31, 2017 from $6,51 billion in 2016, are “artificial” because they are not underpinned by normal market forces, a bank survey report says. In an analysis of banks’ financial results for the year to December 31, Old Mutual Securities (OMSEC) said if the…

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