This website uses cookies to ensure you have the best experience. Learn more

Re Negemnet Strategy Essay

5657 words - 23 pages

1. INTRODUCTION
This proposal highlight the background of the study ,the statement of the problem ,the research objectives ,significance of the study , delimitation and limitations of the study as well as to establish the challenges facing the credit system of Metropolitan Bank of Zimbabwe.

1.1 BACKGROUND OF THE STUDY
Metropolitan Bank of Zimbabwe is registered commercial bank, started operations on 1 February 1999.The bank has since grown to be an important player in the financial services sector in Zimbabwe. The core activities of the bank comprise Retail Banking, Corporate banking, Treasury and International Banking. Metropolitan Bank of Zimbabwe is headquartered in Harare, ...view middle of the document...

CBZ had the largest deposits with a total of US$ 250 million followed by Stanbic with US$150 million while Barclays and Stanchart had deposits of US$ 112 million and US$ 103 million respectively. The 4 institutions held 61% of the total deposits. Loans and advances registered amounted to US$ 501 million from US$ 263 million in June 2009, which resulted in a corresponding increase in sector loans to deposit ratio, which stood at 49, 3% as at October 31 from 37, 3% recorded in June this year according to The Financial Gazette, 12-18 November 2009.The country’s loan to deposit ratio is still considered markedly below the international ratios of between 70% and 90%. The two diagrams below shows the above information in relation to deposits per quarter year and deposits per bank.
Diagram 1
|Month |Deposits (million) |Loans,advances (million) |Loans-Deposit ratio |
|June |US$706 |US$263 |37,3% |
|October |US$1,016 |US$501 |49,3% |

Diagram 2

|key |
|C-CBZ |
|S-Stanbic |
|B-Barclays |
|CH-Stanchart |
|O-Other 9 Banks |

Lending in Zimbabwe’s financial institutions is still limited to short term financing for working capital requirements with short pay back period. It is estimated that about 98% of bank deposits are presently transitory, a situation which makes it increasingly difficult for them to structure long term loans that are desperately needed by industry. A quarterly report from Kingdom Financial Holdings Limited (KFHL) indicated that long-term deposits only constitute US$16 million or 2% of the total deposits, estimated at more than US$1, 2 billion according to The Sunday Mail of January 24, 2010. The short term nature of deposits makes it difficult for the banks to carry out their intermediary role. The extended loan tenure for six months announced by some banks early January is still too short for businesses. Confederation of Zimbabwe Industries (CZI), the country’s biggest business grouping is advocating that the banks increase their loan tenure to more than the proposed six months, The Sunday Mail (January 17, 2010). The tenure is still not enough time to repay the loans especially in cases where funds were borrowed to finance projects. This has prompted the central bank in setting a threshold to guide banks in their lending to the productive sectors which required long-term working capital. Banks are compelled to orient their lending portfolios so as to achieve 30% of their deposits to the agricultural sector, 25% each to manufacturing and mining sectors and 20% to other remaining sectors.

The secondary market for marketable credit securities has long dried, and with the Reserve Bank of Zimbabwe...

Other Papers Like Re Negemnet Strategy

A Heart Of Darkness Essay

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

The Ford Motor Company Wage Increase Of 1914 And The Theory Of Incentives And Efficiency Wages

1252 words - 6 pages ‘It’s not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages’ (Henry Ford, cited in Johnson and Weinstein 2004, p. 2). When the Ford Motor Company announced that it would more than double the wages of its workers in January 1914 to a ‘five-dollar day’ minimum, was this a contradiction to Henry Ford’s statement? If customers are actually the ultimate payers of wages, then more than

Historical Analysis Of The Economical Breakthroughs Of The Industrial Revolution

1396 words - 6 pages A Historical Analysis of the Economical Breakthroughs of the Industrial Revolution During the Industrial Revolution, many elements of society experienced huge breakthroughs that would change the way they functioned forever. Economics were definitely one of them. With many new inventions and many factories appearing, many, many, more resources were being created than ever before. Also, all of the revenue from these resources was being given to

Leadership Portrayed in Monologue from Shakespeare’s Henry V

1214 words - 5 pages realize the organization object. (Waal and Sivro, 2012) In history there is a fight between Henry v of England and the French army on 25th of October 1415.Henry was aim to reclaim English land which seized by France at that time. The French army have strong dominant strategy compare to the English army, the French army had around 30,000 to 60,000 soldiers, most of them knights on armor ready to fight .Whereas, the English army had no armor and no

Cuba Civil Rights

1906 words - 8 pages Picture a country that has limits on how much you can make random government imprisonments and more what do you do. That is the situation for the eleven million seventy-five thousand two hundred forty-four people of Cuba since the takeover of Fidel Castro. The US is opposed to Castro taking control of Cuba. Castro managed to ease the United States nerves when he said that Cuba was against all forms of communism. According to Lana Wylie the Union

US Freight System

1273 words - 6 pages for new entrants, or close the door for NITL to continue in the market. The League lacks of product differentiation, or it is not clear for its current and potential future members. This has brought new entrants to the market. These new entrants focus their strategy in a specific transportation segment, like the American Transportation Association (ATA), that has been the leading advocate for the trucking industry. Capital requirements is a

Democratic Peace Theory

1852 words - 8 pages Intro: US Presidents have made it a goal during their term(s) in office to establish a good relationship with foreign countries and even try to improve upon existing connections with our allies. Some believe it is to prevent conflicts between the countries while others dispute that it is a threat assessment by the United States to pick and choose their friends and enemies. Preventing conflict between two democracies or countries that practice

Booker T. Washington

1621 words - 7 pages towering black intellectual, scholar and political thinker (1868-1963) said no--Washington's strategy would serve only to perpetuate white oppression.” Du Bois was one of the founders of the NAACP (National Association for the Advancement of Colored People). Both the NAACP and Du Bois rejected Washington’s idea that African Americans should be in the inferior status then so that it would help improve their future. Du Bois argues that social

Corn, Broccoli, Grass Or Balanced

2611 words - 11 pages About a century ago, there was not an epidemic of diet-related illness, a bizarre account of destroyed farmland, dead zones in our oceans created by chemical run-off spilling into the waterways, and there sure was not millions of people questioning the moral ethics of their diet. In the Omnivore’s Dilemma: A Natural History of Four Meals, the author Michael Pollan goes on a journey to investigate the sources of the nation’s food supply, for which

Related Essays

Freedom And Responsibility Essay

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws Essay

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania Essay

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are