Getbucks in doubt of meeting capital requirements

609

GETBUCKS Microfinance Bank (Getbucks) is unlikely to meet the Reserve Bank of Zimbabwe’s US$5 million minimum capital requirement by year end. This comes as the financial institution recorded inflation-adjusted regulatory capital of $192 million (US$2 million) during the quarter ended September 30, 2021. “Shareholders will pursue equity transactions to bridge the gap between the minimum…