Articles tagged 'sam malaba'

Agribank makes $1,8m profit 13 June 2017 HARARE - Agriculture-focused financial institution, Agribank, recorded a $1,8 million profit in the five months to May 2017 from $460 203 prior comparable period, buoyed by income from Treasury Bills (TBs), an official said. Agribank chief executive Sam Malaba yesterday told the institution's ...
Zimbabwe will soon run out of money: Baz 5 August 2014 HARARE - Bankers Association of Zimbabwe (Baz) has warned that Zimbabwe will soon run out of money to sustain imports. Joseph Mverecha, Agribank divisional director, speaking on behalf of Baz president Sam Malaba at the Gweru Agricultural Show business conference last week,  said Zimbabwe's de...
'Zim dollar not coming back' 2 August 2014 MUTARE - The Zimbabwe dollar (Zim Dollar) will not come back into circulation until the public regains trust in the eschewed currency, Bankers Association of Zimbabwe (Baz) president, Sam Malaba said. Malaba told a Confederation of Zimbabwe Industries (CZI) conference yesterday the Reserve Ban...
Deposits stagnant at $4bln 4 April 2014 HARARE - Zimbabwe's banking sector deposits stagnated at $4 billion in 2013, indicating tightening liquidity conditions, according to Agribank chief executive Sam Malaba. He said about 80 percent of the deposits remained short term and transitory. “The stagnation… reflects the deteriorating...
Agribank records $9m loss 1 April 2014 HARARE - Distressed government-owned Agribank’s losses widened to $9,2 million in the year to December 2013 from $5,6 million incurred in prior year due to non-performing loans (NPLs) , among other challenges. The agro-focused financial institution said it was weighed down heavily by impairmen...
We are broke: Agribank 10 February 2014 HARARE - Agribank says it has insufficient money to fund the forthcoming winter-cropping season due to limited resources received from Treasury. Sam Malaba, the Agribank chief executive, last week told Parliament that the agriculture-focused institution only received $4 million from a $50 mill...
Agribank to sell stake for $70m 5 February 2014 HARARE - Distressed Agricultural Bank of Zimbabwe Limited (Agribank) says it will soon float a tender to dispose of a 49 percent stake to private investors valued at $70 million following an evaluation of the financial institution. The agro-bank — wholly owned by government — has been failing ...