The Reserve Bank has with immediate effect cancelled Interfin Bank’s life and existence after deeming it to be operationally beyond redemption. Below was a statement by the Central Bank.
Members of the public are advised that the curatorship period for Interfin Bank Limited expired on 31 December 2014.
2. The Reserve Bank of Zimbabwe (hereinafter referred to as the Reserve Bank) has, in terms of section 57 of the Banking Act [Chapter 24:20], applied to the High Court of Zimbabwe for the liquidation of the banking institution.
3. The primary purpose of placing the banking institution under curatorship was to protect depositors and preserve the assets of the banking institution, with the intention of resuscitating the banking institution to become a viable concern.
4. There were various initiatives and attempts to resuscitate the banking institution by the Curator. A total of 12 potential investors were considered. However none of the proposals put forward yielded any positive results and the institution’s condition continued to
deteriorate in the absence of concrete recapitalisation plans.
5. The Reserve Bank determined that it was no longer feasible to resuscitate the banking institution as a viable concern as all efforts to re-capitalise the banking institution have  yielded no positive results and any further extension of curatorship would only further prejudice depositors and creditors.
6. The Reserve Bank has taken the action indicated herein as it considers it to be in the best interests of the banking institution, its depositors and creditors, and the public in general.