Troubled Zimbabwe banks seeks respite

Troubled Zimbabwe banks seeks respite
Published: 07 June 2018
ROYAL Bank Zimbabwe Limited, which has been placed under liquidation, has indicated that it will lodge an application with the High Court for the extension of time for its liquidation.

A notice released in the Government Gazette on May 25 did not give reasons why the troubled bank was seeking this action.

But another closed financial institution, Tetrad Investment Bank, had its judicial management extended by the High Court, according to the same Government Gazette.

- Fin Gaz
Tags: Banks,


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