CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

Allied bank closed

Published: 11 Jan 2015 - 01:15 am | Last Updated: 18 Jan 2022 - 10:34 am

A notice of closure is pasted on the window of a branch of Allied bank in central Harare. Allied, one of Zimbabwe’s smaller banks owned by a senior minister in President Robert Mugabe’s government, has surrendered its licence because it was insolvent and had a high level of non-performing loans.