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RBZ Lifts Metbank’s Dealership Licence Suspension

RBZ Lifts Metbank’s Dealership Licence Suspension

The Reserve Bank of Zimbabwe (RBZ) has lifted the suspension of Metbank Limited’s dealer licence after the conclusion of its probe into the bank’s alleged breach of Exchange Control Regulations.

In a statement issued on Wednesday, 8 June 2022, RBZ Governor John Panonetsa Mangudya said an administrative fine has been imposed against Metbank Limited for breaching Exchange Control Regulations. Reads the statemenent:

LIFTING OF SUSPENSION OF METBANK’S AUTHORISED DEALERSHIP LICENCE

The Reserve Bank of Zimbabwe wishes to advise the public that it has lifted the suspension of Metbank Limited’s authorised dealership licence with immediate effect.

The lifting of the suspension follows the conclusion of investigations relating to foreign exchange trading which has culminated in the imposition of an administrative fine against Metbank Limiteci for breaching Exchange Control Regulations.

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8 Comments

Gringo 3 weeks ago

iBank here kana kuti musika wemadomasi


Gerry 3 weeks ago

Haa bank rakandinyudza iri


Gafa 3 weeks ago

Suspend and lift ndorava basa kukoniwa kwese uku panobate tsvee panobate tsvee kkkkkkk


Barbican Bank 3 weeks ago

Mutuvi


povho 3 weeks ago

Bank raMuthuli Ncube rainzi chiyi?


Duduzani 3 weeks ago

Metbank, former Metropolitan Bank yakanyudza vanhu mari when it liquidated, Deposit Protection failed to recover people's money, same applies to Kingdom Bank and Allied Bank, they liquidated and didn't compensate their clients


kkk 3 weeks ago

bna reamasoja


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Ed 3 weeks ago

Met bank.. Bhanga rema illicit zanu deals...



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