{"id":19818,"date":"2020-02-21T23:14:02","date_gmt":"2020-02-21T21:14:02","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=19818"},"modified":"2020-02-21T23:14:02","modified_gmt":"2020-02-21T21:14:02","slug":"zims-banking-sector-safe-and-viable-governor","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zims-banking-sector-safe-and-viable-governor","title":{"rendered":"Zim\u2019s banking sector safe and viable: Governor"},"content":{"rendered":"<p>RESERVE Bank of Zimbabwe ( RBZ), Governor, Dr John Mangudya says the country\u2019s banking sector is safe and viable for any business-related transactions.<\/p>\n<p>Responding to questions from ZBC News over whether the increase in the capital requirements for the financial institutions is aimed at stamping out operational challenges, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya said the sector is safe.<\/p>\n<p>\u201cNothing far from the truth can be said about the state of the banks because they are safe, the review of the capital base is in line with the global best practices,\u201d he said.<\/p>\n<p>The governor also defended the move to maintain the interest rates at 35 percent in line with the need to increase production in the economy.<\/p>\n<p>\u201cThere is no way we can just let the lending rates beyond the ability of industry and commerce to borrow what we need is to make them affordable,\u201d said the governor.<\/p>\n<p>While the banks are being rendered safe, concerns are being raised by the transacting public over high bank charges and confidence in the financial sector remains key in enabling industry and commerce to deposit their funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RESERVE Bank of Zimbabwe ( RBZ), Governor, Dr John Mangudya says the country\u2019s banking sector is safe and viable for any business-related transactions. Responding to questions from ZBC News over whether the increase in the capital requirements for the financial institutions is aimed at stamping out operational challenges, Reserve Bank of Zimbabwe (RBZ) Governor, Dr [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":13657,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[450,653],"class_list":{"0":"post-19818","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-mangudya","10":"tag-rbz"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zim\u2019s banking sector safe and viable: Governor - zimbabwe<\/title>\n<meta name=\"description\" content=\"RESERVE Bank of Zimbabwe ( RBZ), Governor, Dr John Mangudya says the country\u2019s banking sector is safe and viable for any business-related\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-banking-sector-safe-and-viable-governor\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zim\u2019s banking sector safe and viable: Governor\" \/>\n<meta property=\"og:description\" content=\"RESERVE Bank of Zimbabwe ( RBZ), Governor, Dr John Mangudya says the country\u2019s banking sector is safe and viable for any business-related\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-banking-sector-safe-and-viable-governor\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-21T21:14:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/09\/x0811-1-1-RBZ-BUILDING.jpg.pagespeed.ic_.uJQMjFTA_l.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"680\" \/>\n\t<meta property=\"og:image:height\" content=\"380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-banking-sector-safe-and-viable-governor\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-banking-sector-safe-and-viable-governor\",\"name\":\"Zim\u2019s banking sector safe and viable: Governor - 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