Time Bank misses compliance deadline

Since reopening in 2018, the bank has not been taking deposits and has only been focusing on investment banking activities.

TIME Bank of Zimbabwe missed the December 31, 2024 deadline to shore up its capital levels to US$30 million in line with tier 1 commercial banks requirements.The bank was last year granted a reprieve by the Reserve Bank of Zimbabwe but managed to close the year with just US$5,37 million in capitalisation.“As part of the…

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