Getbucks in doubt of meeting capital requirements

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.Advertisements “Shareholders will pursue equity transactions to bridge the gap between the minimum…

Subscribe to read full article. Subscribe today

Related posts

ICT, consumer stocks drive markets growth

Natfoods cries foul over rampant smuggling

Tanganda revamps coffee production

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