BANCABC to Get U.S.$15 Million Boost

Submitted by AA Zimbabwe on Tue, 2012-06-26 11:53

[The Herald]

BANCABC Zimbabwe is set to get US$15 million from the group's proposed US$50 million rights issue to improve its capital base. In a circular to shareholders last week, the banking group said proceeds from the rights issue would be made available at the beginning of July this year.