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*Nedbank Zimbabwe Now Compliant With The Minimum Capital Requirement Of USD30 Million* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?by The Reserve Bank of Zimbabwe (RBZ) has announced that Nedbank Zimbabwe is now compliant with the minimum capital requirement of ZW$ equivalent to USD30 million. *NEDBANK ZIMBABWE LIMITED COMPLIANCE WITH THE MINIMUM CAPITAL REQUIREMENTS* > Further to the announcement in the Monetary Policy Statement of 7 February 2022 that, Nedbank Zimbabwe Limited was non-compliant with the minimum capital requirement as at 31 December 2021, the Bank is pleased to advise the public that, Nedbank Zimbabwe Limited has raised additional capital through a rights issue and is now compliant with the minimum capital requirement of ZW$ equivalent to USD30 million. > Accordingly, Nedbank Zimbabwe’s reported minimum capital as at 9 February 2022 is ZW$ equivalent to USD31.1 million, against the regulatory minimum of the ZW$ equivalent to USD 30 million. > John P. Mangudya > Governor *More: Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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