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Suspension Of Lending By Banks Lifted With Immediate Effect - RBZ

Suspension Of Lending By Banks Lifted With Immediate Effect - RBZ

The Reserve Bank of Zimbabwe has announced that the temporary suspension of lending by banks has been lifted with immediate effect. In a statement, seen by Pindula News, the central bank’s governor, Dr John Panonetsa Mangudya said the suspension remains in effect for entities under investigation for abusing loan facilities. We present Mangudya’s statement below:

UPLIFTMENT OF TEMPORARY SUSPENSION OF LENDING BY BANKS

Further to the circular the Reserve Bank of Zimbabwe (the Bank) issued to banks on 9 May 2022, the Bank wishes to advise the public that the temporary suspension of lending services by banks has been lifted with immediate effect.

The lifting of the suspension does not apply to those entities that are under investigation by the Financial Intelligence Unit (FIU) for abusing loan facilities to the detriment of the economy. The FIU has accordingly advised all banks of the affected entities.

John P Mangudya Governor 

More: Pindula News


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38 Comments

Dmao 1 month ago

A presidential directive is being reversed by a RB governor. Zvinhu zveZANU PF vakomana! Mahumbwe chaieo


Advocate 1 month ago

VaMugabe vakanganisa here??
Aiwa Havana kukanganisa!

me singing hank kasong kaChinx


BB &CB 1 month ago

cartoon network ayas


DIK 1 month ago

Total confusion. Waiting for the next thing they will do. Who s Mthuli s advisor kkkkkkkk surrend


FIEND 1 month ago

mbanje tinodziwanza ma Zanu ndosaka tisina basa nevanhu. ko tisuka mashurugwi acho mungatidii


Gafa 1 month ago

Kwava kutoti movhotegwa nevanhu iyemi muchidzokorora 2008 yakatambudza vanhu you are bblood fools.Zanu has no monopoly to destroy this country nono


cde chipopi 1 month ago

muntu mutema haagone ku runner nyika


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The Observer 1 month ago

Zvinhu zvamati maSuspend nokuReversa maPrices achadzikao here.
Chatakadya chamuka zvirikwazvo - Chofema manje.


Skuz Apo 1 month ago

stop running the country kunge ka tuckshop kenyu


1 month ago


ABSA 1 month ago

These people think backwards which unpaid loans are you talking about investigate all Ministers vamunopa zvikwereti vasingabhadare


lupin 1 month ago

kutungamirwa nemapofu chaiwo


Zimdola 1 month ago

Policy inconsistencies is a sign yehu D.O.F.O.


Chamhamha 1 month ago

Confusion yacho kuita kunge mvura yakasungwa negarwe kutenderera panzvimbo imwe


STALIN 1 month ago

ese ma zanu pf anorova GUKA


yoh yob 1 month ago

confusion on its peak 😂😂😂😂😂😂 surrender


VA ELDER FIEND 1 month ago

Keep calm and vote ZANU pf @2023


int 1 month ago

Bwarara uyu l think baba vake ndiye muridzi weTongatt Hulets don't buy sugar @ 1300

T@aaa 1 month ago

Hazvichatibatsira izvi zvinhu zvakwira hazvichadzika


The Watcher 1 month ago

Circus country. I wonder how clowns ended up in top government positions, their confusion is on another leve. Someone please explain to them they're supposed to be running a country not juggling balls


Chimboti Pizza 1 month ago

Better, vanhu vanga vachema newe Panonetsa😂


Tira 1 month ago

We are going nowhere its just a confusion after confusion


socce fun 1 month ago

Confusio yega yega


Jamie handbags 1 month ago

Team rauraya nyika ,hatichadi NGAAPINDE HAKE MUKOMANA ☝️☝️☝️☝️☝️☝️☝️


Che 1 month ago

is this what they mean by policy inconsistency?me think dem politicos are too panicky
kuvhunduka chati kwata!
your days are numbered...


Nimrod 1 month ago

circus chaiyo


Tateguru 1 month ago

Good but a bit too late. Sugar yakatokwira


Asalif 1 month ago

nothing never comes out good for the government of this country their policies from A to Z never leave the country in good shape


Machiavelli 1 month ago

ED, Ncube and Panonetsa, you shouldn't experiment voodoo economic theories with people's lives. This one week's experiment not only has left you with egg on your faces, but gas far reaching and everlasting effects. Your credibility rating is now zero and declining.

For Panonetsa your resignation is overdue. The others will definitely face their Waterloo next year.

I'm buying magnum of champagne in anticipation. 🥂🍾
Dira hako rizare Nero weYero


Honorable 1 month ago

Surely do these guys sit and and plan or they just implement what they would have dreamt overnight. We are surely heading nowhere.


Imwe Mbeu 1 month ago

Nhy rate riripaChii nhasi


Tateguru 1 month ago

400 muShop yepaGrowthpoint

int 1 month ago

I'm not sure but nothing much has changed

int 1 month ago

Confusion, so who is abusing loan funds awaiting for investigation results still. Noone will be arrested mozivana pamadeals


Asalif 1 month ago

this country and it's government is full of drama 🙌🙌🙌


Machiavelli 1 month ago

Aiwa @int, tiri kuenda kwatakabva. Reverse jive

int 1 month ago

Sure hapana kwatiri kuenda

Osama 1 month ago

Government yedu yakanokorwa tsokaa


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