Standard Chartered Bank Zimbabwe has donated US$1 million to Oxfam and the IRC to help vulnerable communities with emergency COVID-19 relief.
From 31 March, Stanbic will close down two branches in Beitbridge and Chitungwiza with the goal to move customers from physical branches to take up their online services instead. Stanbic’s Chief Executive Mr Joshua Tapambgwa says the new model they are adopting is long overdue in the region: The model we are following has been […]
Standard Chartered Responds To Some Of The Questions You May Have Regarding Their Fully Digital Bank
Last night, Standard Chartered launched a redesigned and much improved “fully digital bank” as they are calling it. With such a significant move comes some pretty significant questions as well and Standard prepared a document that attempts to answer some questions you might have regarding this recent development. What exactly is a true digital bank? […]
StanChart Waits To Hear ‘Tax Implications’ Of The $100 Million UK Loan Facility Before Disbursing It
As a sign of a thawing of relations between Zimbabwe and the UK, last month the UK government advanced a $100 million facility to Zimbabwe to alleviate cash shortages and foreign currency shortages. The money was advanced to the country by Commonwealth Development Corporation (CDC) through the Standard Chartered Bank Zimbabwe (StanChart), as a line […]
Indicated by substantial profits, last year was a prosperous year for all banks in Zimbabwe. Cautious but shrewd lending among other factors has contributed for banks to post these profits. However, the overall banking sector is decreasing its lending to households. From 2016 up to now Zimbabwe is grappling with cash shortages and the cash shortages […]
Standard Bank Africa has launched a new banking app in six countries and will be introducing the same tool to four other countries including to its local subsidiary Stanbic Zimbabwe, before the end of 2016.