Zim Now Writer
FBC has taken over 100 percent shareholding of Standard Chartered Bank, according to a notice published Tuesday by the Reserve Bank of Zimbabwe.
“The Bank wishes to advise the banking sector that the Registrar of Banking Institutions approved FBC Holdings Limited acquisition of 100 percent shareholding (significant interest) in Standard Chartered Bank Zimbabwe Limited which also results in FBC Holdings Limited taking control of Standard Chartered Bank Zimbabwe Limited as defined in terms of the Banking Act (Chapter 24:20).
“The Bank also advises the public that approval has been granted by the Registrar of Banking Institutions for FBC Holdings Limited to be registered as a controlling company for Standard Chartered Bank Zimbabwe Limited,” reads the statement.
Chinese President Xi Jinping listens attentively during the closing meeting of the CPPCC in Beijing this MondayMonica Cheru in BeijingChina has said it will continue to ramp up efforts at rapid mode..
ZimbabweZim Now ReporterThe City of Harare has said that private residents are the culprits for over 60 percent of the unpaid ZWD 5 billion due to the local authority.Acting COH Finance Director Godfrey Kus..
ZimbabweMichelle MadauZim Now ReporterZimbabwe stands on the brink of a significant economic opportunity: closing the gender employment gap could boost the country’s GDP per capita by nearly 6 percent, acco..
Zimbabwe
Leave Comments