2012 in retrospect: Banking sector highlights

As usual, at this time of the year, Financial Sector Spotlight reviews the notable events of the past year as it walks into the sunset.

Accordingly, this installment chronicles highlights of the first six months of 2012, which turned out to be a very eventful year dominated by issues of liquidity, concerns about bank stability, recapitalisation and of course the closure of three banks.

January 2012: The month of January started in earnest with CABS entering into a $15 million deal with the City of Harare for the construction of 3 000 housing units in Budirio to benefit homeseekers on the city’s waiting list.

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