Home » RBZ revokes Cashbox licence

RBZ revokes Cashbox licence

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THE Reserve Bank of Zimbabwe has cancelled Cashbox Financial Services Microfinance Bank’s operating licence, citing failure to meet key regulatory requirements. In a notice yesterday, the RBZ registrar of banking institutions, Philip Madamombe, said the cancellation takes immediate effect, citing multiple compliance breaches. “The cancellation of registration as a deposit-taking microfinance institution followed a determination…

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