Barclays Bank of Zimbabwe has reported a marked decline in net interest income for the first four months of 2017, compared to the same period last year on reduced corporate lending, shareholders heard yesterday.
CBZ Holdings’ income in the first quarter to March increased 7 percent to $37.7 million, driven by a surge in business in the three month period.
The Deposit Protection Corporation (DPC) is looking for new investors to acquire Tetrad Investment Bank for $25 million after creditors agreed to accept shares and cash, leaving the troubled bank with a clean balance sheet.
Zimbabwe’s competition watchdog has opened an investigation into a case of suspected anti-competitive behaviour between the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and CAFCA.
Innscor has made an offer to acquire minorities shares in Zimbabwe’s largest pork and meat processor, Colcom in exchange for Innscor shares and plans to delist the company from the local bourse.