ALPHA Media Holdings (AMH) chief executive officer Kenias Mafukidze said this week the 2024 Banks & Banking survey due to be launched next week will tackle pressing issues affecting the sector, including the liquidity crisis.
It is an annual survey published by the Zimbabwe Independent in partnership with First Capital Bank.
Mafukidze said this year's survey delved on identifying factors influencing the liquidity crisis, sharing innovative ideas, and exploring strategies to help the banking sector maintain stability.
Running under the theme "Weaving Through a Dynamic Liquidity Terrain in Zimbabwe," the survey will be launched next Thursday.
“We will delve into the factors influencing liquidity in Zimbabwe, share insights on innovative solutions, and explore strategies that can help both large enterprises and small businesses maintain financial health,” Mafukidze said.
“The aim is to foster a collaborative dialogue that will not only raise awareness of the challenges we face but also provide practical solutions for navigating them.”
He said Zimbabwe’s economy was transforming, and understanding issues around liquidity was of paramount importance.
“The global and local economic landscapes are shifting with unprecedented speed and complexity, and understanding liquidity — its flow, its constraints, and its potential — is more important than ever,” he said.
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“Zimbabwe, like many nations, has faced unique financial challenges that demand innovative solutions, strategic foresight, and a deep understanding of both local and global financial dynamics.
“The liquidity terrain we navigate today in Zimbabwe is multi-faceted. From inflationary pressures and currency volatility to the changing dynamics in the banking sector and external economic influences, the challenges are vast, yet so are the opportunities.”
Reserve Bank of Zimbabwe deputy governor, Innocent Matshe, will be the guest of honour.
During the event, banks will receive awards in six categories. These are:
Digital Innovation Award: This award considers financial innovation, digital product offerings, payment tools, artificial intelligence, and growth in digital bank accounts, digitalisation strategy, customer reviews, and revenue from digital channels.
Financial Inclusion Award: This award looks at bank account penetration, microcredit and microfinance impact, microinsurance, know-your-client lite products, payment tools, growth in bank accounts, and branch coverage.
Environmental Social and Governance Award: This category considers sustainability initiatives, renewable energy investments, climate finance strategy, board structures, gender and age balance on boards, and corporate social responsibility.
Building Society of the Year Award: This award evaluates the net profit ratio, asset quality, income quality, return on assets, return on equity, loans to deposit ratio, digitalisation, and financial inclusion.
Overall Best Performing Bank Award: This award considers the same criteria as the Building Society of the Year Award.
Banker of the Year Award: This award looks at income/revenue growth, interest income growth, non-interest income growth, fees and commission growth, profit before tax growth, loan book growth, deposit growth, and balance sheet growth.
