Role of Banks in promoting growth.

Banks play a major role in the growth of SMEs. It must be mentioned that one is able to acquire a loan in Zimbabwe to improve his of her business on the run.Companies like CB Bank also cater for these SMEs by proving them with free bank accounts. CB  is among the few banks left that is helping Informal sector.However, in partnering with the NUST public relations student  they will host a campaign at NUST next week Monday on the 23th of March.

  At Standard Chartered, you will have a team of dedicated professionals helping you with every aspect of your business needs: from making your banking transactions easy and convenient to providing you with business credit. Whatever your business needs, you can count on our support for providing the right material to build and develop your business.

A Boutique that came to exist through the help of banks.

CBZ has objectives and they are as follows  The objective of this department is to provide financial services to the economically active informal sector that are unable to access mainstream facilities while creating employment and alleviating poverty at cost effective rates.

Procedures to acquire an accounts allows one to constantly deposit  money at-least three times a day.

sMEs are recognised as one of the key drivers of ZimAsset and an engine for economic growth by virtue of their contributions to employment and wealth creation, income generation and strategies ,linkages with large companies across economic clusters.

 Kingdom bank used  Promotion of small and Medium Enterprises (SMEs) in Zimbabwe through Microfinance Institutions(MFIs)

Government has in the past made various facilities available for SMEs through the Reserve Bank of Zimbabwe and the National Social Security Authority. However, the private sector, financial institutions, life assurance companies and institutional investors have been conspicuous by their absence.

Commercial banks such as Barclays Bank of Zimbabwe used to have a Small Business Unit (SBU) which they closed down over a decade ago.