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  • Zimbabwe: Allied Bank to Sell Shares

Zimbabwe: Allied Bank to Sell Shares

WebDesk
February 17, 2014 No Comments

[The Herald]ALLIED Bank is considering recapitalising through a placement of shares to potential investors, failure of which it will downgrade its banking license to a deposit taking micro-finance institution.”The bank will flight a public notice inviting investors willing to inject fresh capital into the bank for some shares and this should be done in the next few weeks,” a source familiar with the development said on Friday.

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