ZB Holdings (ZBHL) is set to give a detailed plan with timelines and processes for the proposed consolidation of its banking operations to the Reserve Bank of Zimbabwe (RBZ) as it seeks to comply with minimum capital requirements.
The group has been missing minimum regulatory capital thresholds for its building society despite deadline extensions granted by the central bank.
In 2014, ZBHL board approved consolidation of ZB Bank and ZB Building Society but the resolution is yet to see the light of day 10 years on.