The Reserve Bank of Zimbabwe (RBZ) has complained that banks are happy not lending money. Instead, the banks are depositing the money with the central bank at no interest at all. Speaking at the ZimTrade-Banks breakfast seminar, RBZ principal analyst for financial markets, Tapiwa Furusa said,
We have got a challenge and this challenge I will have to say it whilst all the banks are here. We have got a challenge with our banks. Whilst the Reserve Bank is doing all these things (availing funding facilities), you know what these banks are doing? When you deposit your money into your accounts with them, they take that money, come and deposit at the central bank and at the central bank we don’t give them any interest. It’s zero interest, but they are happy to maintain it there.
…I want to say it whilst they are here and also you are here so that you know that we are against what they are doing. We want them to promote production.
More: NewsDay
yet zimbabwe is preaching for being open for business vamwe ndipo vanoramba kuenda mberi why
such behavior must not be tolerated in zimbabwe let these banks promote development through doing what they are suppose to be
kugarira basa vanhu vemabank ava mhani
rally yachamisa marondera ummm ngaasiyane nazvo
basa remhandu iri
you people munotopenga chete mazimbabweans do u even know why they are doing that, a lot of loans akanyura vapa mari dzacho kuvanhu and not get back if it were you ungarambe uchikweretesa munhu asingadzose mari here or u rather keep your money where its safe. Our zim system is corrupt and bad enuf to do any form of business, unoikweretesa mari iyoyo and ther next thing government inoti cancel all those zvikwereti for the people, how will you expect those banks to survive after zvadaro, fungai mhani
Don’t forget that Banks have been so influential in destroying the economy of Zimbabwe, they were sympathetic to G40 cabal, they also looted and engaged in gambling.Now they are now backwards with the march to bring solutions to crisis.