Bank Supervision
Promoting a safe, sound, and stable banking sector through effective regulation, risk-based supervision, and compliance oversight.
Bank Supervision Division
The Division plays a central role in promoting financial stability by regulating, monitoring and supervising banking institutions in Zimbabwe.
The Role of the Division
One of the core functions of the Reserve Bank of Zimbabwe is to promote financial stability. The Bank Supervision Division contributes to this mandate through:
- Registration of new banking institutions
- Conducting off-site surveillance
- Conducting risk-based on-site examinations
The Reserve Bank of Zimbabwe Act [Chapter 22:15] empowers the Bank to supervise banking institutions and foster stability and proper functioning of the financial system.
The Banking Act [Chapter 24:20] and Banking Regulations (Statutory Instrument 205 of 2000) provide for the registration, regulation, continuous monitoring and supervision of persons conducting banking business in Zimbabwe.
The Reserve Bank is also empowered to register and supervise money-lending institutions, micro-finance institutions, building societies and the People's Own Savings Bank (POSB) following the invocation of Section 3(3) of the Banking Act [Chapter 24:20] in March 2005.
