Business Performance of the Zimbabwe Banking Corporation (2002- 2005): A Documentary Review
Journal Title: International Journal of Financial Markets - Year 2016, Vol 2, Issue 3
Abstract
This study sought to establish the business performance of Zimbabwe Banking Corporation (ZIMBANK), a subsidiary of Financial Holdings Limited, a Zimbabwean company listed on the country’s stock exchange, during the period 2002 to 2005. The performance was evaluated against other financial institutions and against the backdrop of challenges of marketing services as well as the harsh macroeconomic environment obtaining in Zimbabwe during the period covered by the study. Relevant literary sources pertinent to the field and the organisation were consulted to form the theoretical base for the study. The study adopted the case study design where ZIMBANK was chosen as a case study for in-depth investigation. The qualitative methodology was used to collect data. Document review was the dominant data collection instrument.The results of the study revealed that ZIMBANK’s business performance in terms of profitability and viability was weak compared to other financial institutions.Its financial statements recorded losses; there were serious liquidity challenges; there were often no dividends paid to investors, and the bank failed to raise capital for the refurbishment of its premises.
Authors and Affiliations
Ushe Makambe
Keywords
Related Articles
- EP ID EP28717
- DOI -
- Views 261
- Downloads 8
Effect of Stock Market Dynamics on Economic Growth: Evidence from Ghana Stock Exchange
The purpose of this study was to examine the effect of stock market dynamics on economic growth. It relied on a quantitative time series approach, using real GDP as a measure of economic growth and aggregate stock pric...
My Data: A new Prediction Model Simulator for Stock Market
Over the last few decades, the average person's interest in the stock market has grown exponentially. This demand coupled with advances in trading technology has opened up the markets so that nowadays nearly anybody ca...
The Impact of Commercial Bank Funding on Small and Medium Scale Enterprises in Nigeria
Small and Medium Scale Enterprises are classified as germane to economic growth of their respective countries. However, several issues are known to confront them which mitigate against the actualization of their develo...
Causal Relationship among Stock Markets and Economic Growth in Latin America
The aim of this research is to analyze the causal relationship among stock market and economic growth in Latin America, in the case of Mexico, Brazil and Chile. The Granger causality test was utilized in order to analy...
A Masterpiece In Further Studies on The Self-Regulation of Securities Industry in China - on Reading
With the emergence of financial crisis occurred in 2008, those most affected states vigorously started to conduct out relevant reform on their domestic financial supervision systems regarding financial market structure...