Banks Shut Down Over Coronavirus Fears
25 March 2020
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By A Correspondent- Stanbic Bank and First Capital Bank have closed some of their branches as the financial institutions intensify efforts to help contain the spread of coronavirus in the country.

This comes as ZB also announced plans yesterday to close some of its branches over the same reasons.

Some financial institutions — as part of measures to contain the disease — have also started rejecting all hard copy transactions, advising their customers to make all their payments through online platforms that eliminate human interface.

Said First Capital in a notice to customers:

“To protect clients and staff from the spread of Covid 19, we are reducing our branch network by temporarily closing Belmont (Bulawayo) Borrowdale, Harare Street and First Street branches (all in Harare) from the 24th of March.”

ZB Financial Holdings chief executive officer Ron Mutandagayi, said the banking group has started sending some of its employees’ home, while at the same time discouraging customers to come to the branches.-Online