ZIMBABWE’S banking sector has witnessed a significant boost in confidence, with foreign currency deposits surging 13% to US$2,64 billion in October 2024 compared to the same period last year, a central bank official has said.
Speaking at the 2024 Banks&Banking Survey and Awards Breakfast in Harare, Reserve Bank of Zimbabwe deputy governor Innocent Matshe said the sector has remained resilient under a difficult environment.
Running under the theme "Weaving Through a Dynamic Liquidity Terrain in Zimbabwe”, the survey is published by the country’s best read business weekly, Zimbabwe Independent in partnership with First Capital Bank – the Victoria Falls Stock Exchange listed financial services outfit.