Fundamentals in the local financial services sector have improved over the past few years, with the sector rightly poised to finance economic requirements, the central bank has said.
In the past, a number of bank failures in the country were caused by poor corporate governance, insolvency and imprudent lending activities.
This was worsened by low confidence in the banking sector due to high transactional costs and marginal rates on deposits.
But both monetary policy intervention and strategies on the part of the banks themselves, have pulled the sector out of the doldrums.
Reserve Bank of Zimbabwe (RBZ) principal economist, Dr Nebson Mupunga, pointed out some key indicators on which the sector is doing well.