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Friday, 22 March 2013 14:16
HARARE - Zimbabwe Stock Exchange-listed financial services group FBC Holdings Limited (FBCH) recorded $74 million revenue in the year to December 2012, up 19 percent from prior year. The group said the performance was driven by its banking and insurance subsidiaries’...Read More
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Tuesday, 19 March 2013 12:22
HARARE - A chief teller at FBC Bank collapsed in the dock yesterday after magistrate Lazarus Murendo told him he would spend the next two years in prison for stealing from his employer. Alfred Madzokere, 28, had to be taken out...Read More
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Wednesday, 27 February 2013 11:50
HARARE - The National Social Security Authority (Nssa) says it will not bail out banks in which it has interests if they fail to meet the central bank’s recapitalisation requirements. This comes as the pensions authority has deliberated on a Deloite...Read More
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Thursday, 31 January 2013 10:21
HARARE - A Harare man who allegedly bought luxury phones, beer and food using fake First Bank Corporation (FBC) and Kingdom Bank master cards has appeared in court. The court heard that Samson Marufu, 29, went on a shopping spree buying...Read More
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Friday, 25 January 2013 12:11
HARARE - FBC Holdings (FBCH) says it will channel cash from the sale of its shareholding in non-core business Turnall Holdings Limited (Turnall) towards meeting its minimum capital requirements set by the Reserve Bank of Zimbabwe (RBZ). The group’s banking unit...Read More
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Thursday, 24 January 2013 12:18
HARARE - The National Social Security Authority (Nssa) says Deloitte and Touche has submitted a draft of the study on its banks merger plan. The pensions administrator commissioned the auditing and accounting firm to explore the feasibility of its intention to...Read More
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Thursday, 10 January 2013 12:36
HARARE - Financial services group FBC Holdings Limited (FBCH) says it awaits approval of its bid to acquire Reserve Bank of Zimbabwe (RBZ)’s subsidiary Homelink (Private) Limited. Priscilla Sadomba, FBCH’s group marketing head, told businessdaily that the matter was yet to...Read More
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Monday, 03 December 2012 13:53
HARARE - FBC Building Society says the re-introduction of paid up permanent shares (Pups) needs to be matched with a long-term source of funding to avert liquidity disparities on building societies’ balance sheets. “As the instrument gains momentum in the market,...Read More
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