HARARE - NMB Bank hosted a cocktail party during HIFA to thank customers for their patience while it was going through a very bad patch during the country's hyperinflationary period. Zimbabwe dollarised after inflation had soared to a record 361 million percent, the highest in the world. In an exclusive interview, Chief Executive, James Mushore, said the bank had decided to “give customers something to smile about for their patience and dedication”.
“Yes we are back at HIFA after a short absence,” Mushore said. “I am happy to say that we are truly back and are here to stay. Our business is going on stronger and we thank valued customers for their patience throughout this period.” During the “trying” period, NMB Bank Limited, a subsidiary of the Group, faced problems with the Reserve Bank of Zimbabwe (RBZ) which at one stage cancelled its foreign currency trading licence.
However, this was returned after top management including founder Dr Julius Makoni, James Mushore and Executive Director, Otto Checkeche, were found “not guilty” as charged by the RBZ. The bank was also accused of externalisation by the RBZ but strongly denied the charge. More than 100 VIPs gathered at the NMB stand overlooking the Telecel (Private) Limited Main Stage to watch the HIFA Official Opening extravaganza including the 10 minute fire-works display.
Post published in: News