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Bianca Mlilo, Business Reporter
THE Reserve Bank of Zimbabwe (RBZ) has dismissed fears that NMB Bank is facing liquidity challenges insisting the institution is in a solid financial position.

In a statement yesterday, the apex bank said there was no need for the banking public to panic over “unfounded” rumours.

“The Reserve Bank of Zimbabwe has confirmed that NMB Bank is in a safe and sound financial position,” governor John Mangudya said.

“The bank is not facing any liquidity challenges and is not threatened with curatorship as alleged in a message being circulated on social media.

“The Reserve Bank wishes to reassure the public that NMB Bank is not facing any liquidity challenges and there is no threat of curatorship or liquidation as alleged.”

Mangudya noted in his monetary policy last month that the banking sector was operating efficiently as evidenced by the positive financial sector indicators.

“Members of the public are therefore advised to ignore any misleading statements from unauthorised and uninformed persons on the status of banking institutions or the banking sector,” said the bank.

“The Reserve Bank is the sole superintendent of the banking sector in Zimbabwe and any information on the condition of banks, other than that published by the banking institution itself, should come from the Reserve Bank of Zimbabwe.”

Mangudya advised members of the public to keep abreast of the status of the banking sector by accessing quarterly reports published by the central bank.

He said RBZ reports were available on its website or through its offices.