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…

Subscribe to read full article. Subscribe today

Related posts

ICT access rises to 75pct

DPC to penalise non-compliant institutions

China’s solar farms blend clean energy with grazing

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More