Stanbic Bank Zimbabwe

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Stanbic Bank Zimbabwe Limited (2021-09)
  • Stanbic Bank Zimbabwe
  • Year : Sep 2021
3 Tokens
USD 300.00

Stanbic Zimbabwe is one of the leading banks in Zimbabwe with a high market share across loans and deposits and has a strong franchise within the local market. We consider the bank to be adequately capitalised, supported by a GCR capital ratio of 19.2% at 1H2021 (FY2020: 19.8%). Furthermore, in June 2021 the bank’s regulatory core capital was above the December 2021 requirement of USD30m using the prevailing interbank rate. Pressures for exchange rate depreciation due to widening forex supply gap could exert pressure on maintaining the core capital above the USD30m threshold.

Additional Information

The outlook is Stable, balancing our expectation that Stanbic Zimbabwe will maintain a sound financial profile supported by low asset quality risk, sound internal capital generation and adequate levels of liquidity against the turbulent operating environment. National scale ratings reflect relativities to the local Zimbabwean peers only. Given the adverse operating environment there is implied volatility in the ratings. A positive or negative ratings movement could follow a change in capitalisation, asset quality or liquidity.

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