[Date]


MAY 2015


i

MONTHLY ECONOMIC REVIEW
TABLE OF CONTENTS
SELECTED ECONOMIC INDICATORS 1
STOCK MARKET DEVELOPMENTS 2
MONETARY DEVELOPMENTS 2
INFLATION OUTTURN 4
Annual Inflation 4
Monthly Inflation 5
NATIONAL PAYMENTS SYSTEM 5
Zimbabwe Electronic Transfer Settlement System (ZETSS) 5
Card Based Transactions 5
Mobile and Internet Based Transactions 5
Cheque Transactions 6

MONTHLY ECONOMIC REVIEW

April

May
Month-on-
Month
Change
Z.S.E. Mining Index1
42.93
44.45
3.54%
Z.S.E. Industrial Index1
156.23
152.96
-2.09%
Money Supply (US$)2
4 438.84 million 4 487.97 million
1.11%
Money Supply (M3) Annual Growth2
4.93%
3.75%

Yearly Inflation3
-2.65%
-2.70%

Monthly Inflation3

-0.89%


-0.19%


Nominal Lending Rate
4.3-31.00%
5.0-31.00%

Sources:
1 Zimbabwe Stock Exchange (ZSE)
2 Reserve Bank of Zimbabwe (RBZ)
3 Zimbabwe National Statistics Agency
(ZIMSTAT)


SELECTED ECONOMIC INDICATORS


MONTHLY ECONOMIC REVIEW

STOCK MARKET DEVELOPMENTS
Global stock markets registered mixed performances
in the month of May 2015. The US stock markets
were buoyed by expectations of an interest rate
increase by the Federal Reserve Bank. European
stock markets were lower largely because of
uncertainty
surrounding
Greece’s
continued
membership of the Economic and Monetary Union
(EMU) of European countries.
Most African stock markets recorded losses during
the month under review. Kenyan, South African and
Nigerian stock markets declined by 6.0%, 4.1% and
1.1%, respectively. Losses in Kenya were largely due
to profit taking. South African losses were attributed
to expectations that the Federal Reserve Bank of
America was likely to raise interest rates.
Bearish conditions continued on the Zimbabwe stock
market, with the industrial index declining from
156.26 points in April 2015, to 152.96 points in May
2015. Over the same period, however, the mining
index rose by 3.54% to 44.45 points from 42.93
points.


The decline in the industrial index largely reflected
losses in Powerspeed, Cafca and OK Zimbabwe. The
mining index was buoyed by gains in Riozim. The
mining entity’s share price gained after it announced
plans to produce at least 40kgs of gold per month
from its mining unit, Cam and Motor mine which restarted operations in March 2015.
Trading
volumes
declined
by
48.51%
from
563.83 million shares in April 2015, to 290.32 million
shares in May 2015. Market turnover also declined
from US$29.19 million in April 2015, to US$23.28
million in May 2015.


Source: Zimbabwe Stock Exchange, 2015
Market
capitalisation
further
declined
from
US$4 066.07 million in April 2015, to US$3 978.1
million May 2015, as a result of subdued activity in
the market.

30-Aug-12
30-Nov-12
28-Feb-13
31-May-13
31-Aug-13
30-Nov-13
28-Feb-14
31-May-14
31-Aug-14
30-Nov-14
28-Feb-15
31-May-15
Figure 1: ZSE Indices
Industrial
Mining

04-May-15
06-May-15
08-May-15
10-May-15
12-May-15
14-May-15
16-May-15
18-May-15
20-May-15
22-May-15
24-May-15
26-May-15
28-May-15
VALUES TRADED (US$ MILLIONS)
VOLUMES TRADED (MILLIONS)
Figure 2: ZSE: Daily Volumes and
Figure 2: ZSE: Daily Volumes and Values Traded
Values Traded
Volume
Turnover
Source: Zimbabwe Stock Exchange, 2015


MONTHLY ECONOMIC REVIEW

MONETARY DEVELOPMENTS

Annual broad money1 supply growth further
decelerated from 4.93% in April to 3.75% in May
2015. On a monthly basis, broad money rose by
1.11% to US$4 487.97 million in May, from
US$4 438.84 million in April 2015.

Source: Reserve Bank of Zimbabwe, 2015
The annual growth in broad money continued to be
underpinned by increases in long term deposits,
33.70%; and savings deposits, 18.43%. Partially
offsetting these increases were declines in demand
deposits of 6.05% and 4.31% in short term deposits.
The
structure
of
deposits
remained
largely
unchanged, with demand deposits accounting for

1 Broad money is made up of the consolidated deposits of the entire banking sector which amounted
to US$4.5 billion in May 2015. The process of consolidation entails netting off of all interbank
transactions, including intra-sectoral deposits. Broad money computation, also nets out
government and non-resident deposits.
46.42%; long term, 20.73%; short term, 18.86%; and
savings deposits, 13.98% of total deposits.


Total banking sector credit to the domestic economy
increased by 16.42% to US$4 817.88 million in May
2015, from US$4 529.78 million in April 2015.
On a year-on-year basis, growth in credit to the
private sector was 4.78% in May 2015, up from
4.65% in April 2015. The monthly growth in credit to
the private sector posted a marginal increase to 0.02%
US$3 762.97 million in May 2015, from US$3 762.04
million in April 2015.
During the month of May 2015, loans and advances
constituted 82.47% of the total credit to the private
sector, followed by mortgages advanced by building
societies, 11.92%; other investments, 3.93%;

-5


Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
%
US$ BILLIONS
Figure 3: Money Supply
Figure 3: Money Supply
M3
M3 Annual Growth
Short
Term
19%
Long Term
21%
Demand
46%
Savings
14%Figure 4: Banking Sector Deposits
Figure 4: Banking Sector DepositsMay 2015
May 2015
Source: Reserve Bank of Zimbabwe, 2015


MONTHLY ECONOMIC REVIEW

bankers’ acceptances, 0.90%; and bills discounted,
0.78%.

Source: Reserve Bank of Zimbabwe, 2015
On a sectoral basis, credit was distributed as follows:
agriculture
(18.86%);
services
(17.82%);
manufacturing (15.05%); distribution (14.92%);
mining (6.28%); transport and communications
(3.10%); and construction (1.03%). Consumptive
borrowing by households remained high at 18.33% of
total credit to the private sector in May 2015.
Credit to the private sector was mainly channelled
towards asset purchases, 45.84%; inventory build-up,
33.84%; consumer durables, 11.15%; and vehicle
purchases, 3.02%. The proportion of borrowed funds
utilised for capital development remained low at
5.15% of total loans and advances. In terms of
allocation, the procurement of plant and equipment,
land development, and office equipment, accounted
for 3.68%, 0.79% and 0.52%, respectively, of total
loans and advances.
INFLATION OUTTURN

Annual Inflation
Annual headline inflation, which has been negative
since October 2014, decelerated further to -2.70% in
May 2015, from -2.65% in April 2015. This was on
account of the continued decline in both food and
non-food prices.

Source: ZIMSTAT, 2015
Annual food inflation declined further from -2.9% in
April 2015, to -3.0% in May 2015, largely weighed
down by declines in the prices of vegetables, bread
and cereals, meat, and oils and fats, among other food
items.
The decline in meat prices was partly on account of
an increase in the supply of beef, goat, live chicken
and processed meat. Increases in the supply of beef
and goat meat could be attributed to destocking,
following the depletion of pastures due to the low
rainfall received during the 2014/15 agricultural
season.
Loans & Advances
82.47%
Bills
Discounted
0.78%
Bankers
acceptances
0.90%
Other
investments
3.93%
Mortgages
11.92%Figure 5: Credit to Private Sector
Figure 5: Credit to Private SectorMay 2015
May 2015


May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Figure 6: Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

Annual non-food inflation stood at -2.6% in May
2015, down from -2.5% in April 2015. The decline
was
mainly
on
the back
of
decreases in
communication; housing, water, electricity, gas &
other fuels; education; furniture and equipment;
transport and clothing and footwear, among others.
This could be attributed to slackening aggregate
demand as incomes fall, on the back of continuing job
losses resulting from company downsizing and
closures.
Partially offsetting the decreases in the annual nonfood inflation were increases in alcoholic beverages
and tobacco and health services.

Monthly Inflation
Month-on-month inflation remained in negative
territory, increasing to -0.19% in May 2015, from
-0.89% in April 2015. Increases in both food and nonfood inflation were registered during the period under
review.
Month-on-month food inflation rose to -0.4% in May
2015, from -0.6% in April 2015. Similarly, monthly
non-food inflation accelerated to -0.1% in May 2015,
from -1.0% in April 2015, driven by increases in
housing, water, electricity, gas and other fuels and
health services. Declines in clothing and footwear;
furniture and household equipment; transport and
alcoholic beverages and tobacco, however, partially
offset the increases.
In the short term, domestic prices are expected to
remain subdued as reflected by the trend of the
quarterly annualized inflation, which has been in
negative territory since July 2014


NATIONAL PAYMENTS SYSTEM

Zimbabwe Electronic Transfer Settlement
System (ZETSS)
The value of transactions processed through the
RTGS system in May 2015 decreased by 12% to
US$3.5 billion, from US$3.9 billion recorded in April
2015. During the same period, the volume of
transactions registered a decline of -0.3%, from
180,335 to 179,761.
Source: Reserve Bank of Zimbabwe, 2015

Card Based Transactions
The total value of card based transactions increased
from US$433.66 million in April 2015, to US$455.4
million in May 2015.

Mobile and Internet Based Transactions
The total value of mobile and internet based
transactions increased from US$453.61 million in
April 2015, to US$514.5 million in May 2015.


May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
-

VALUE IN US$ BILLIONS
VOLUME IN THOUSANDS
Figure 7: Z
Figure 7: ZETSS Volumes and Values
Values
Volume
Value


MONTHLY ECONOMIC REVIEW

Cheque Transactions
In terms of value, cheque transactions stood at,
US$13.08 million, an increase from US$10.81
million recorded in April 2015.

RESERVE BANK OF ZIMBABWE
June 2015

MONTHLY ECONOMIC REVIEW
Statistical Tables


1. Monetary Statistics

1.1 Monetary Aggregates

1.2 Broad Money Survey

1.3 Analysis of Monthly Changes in Money Supply

1.4 Analysis of Yearly Changes in Money Supply

2. Sectoral Analysis of Bank Loans and Advances and Deposits

2.1 Sectoral Analysis of Commercial Banks Loans and Advances 13

2.2 Sectoral Analysis of Commercial Banks Deposits

3. External Statistics

3.1 Total External Debt Outstanding by Debtor

4. Interest Rates

4.1 Lending Rates

4.2 Banks Deposit Rates

5. Inflation

5.1 Monthly Inflation

5.2 Yearly Inflation

6. Exchange Rates

7. Commercial Banks

7.1 Assets

7.2 Liabilities

MONTHLY ECONOMIC REVIEW

8. Merchant Banks

8.1 Assets

8.2 Liabilities

9. Building Societies

9.1 Assets

9.2 Liabilities

10. Zimbabwe Stock Exchange Statistics

11. Savings with Financial Institutions

12. Analysis of Liquid Assets of Monetary Banks

13. ZETSS, Cheques and Cards Activity


13.1 Values of Transactions

13.2 Volumes of Transactions

MONTHLY ECONOMIC REVIEW


May
June
July
August
September
October
November
December
January
February
March
April
May
Bond Coins

RBZ Demand Deposits

Comm. Banks Dem. Deposits

Merchant Banks Dem. Deposits

M1

Comm. Banks Savings Deposits

Building Soc. Savings Deposits

P O S B Savings Deposits

Comm. Banks U-30 Day Deposits

Merchant Banks U-30 Day Deposits

Building Soc. U- 30 Day Deposits

M2

Comm. Banks O-30 Day Deposits

Merchant Banks O-30 Day Deposits

Building Soc. O- 30 Day Deposits

Building Soc. Other Share Deposits

P O S B Time Deposits

M3


TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands


MONTHLY ECONOMIC REVIEW

MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands

MONTHLY ECONOMIC REVIEW

MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

Broad Money (M3)

Domestic Credit

Claims on Private Sector

TABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)
US$ Thousands

MONTHLY ECONOMIC REVIEW

MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

GROWTH RATES
Broad Money (M3)

Domestic Credit

Claims on Private Sector

TABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)
$ Thousands

MONTHLY ECONOMIC REVIEW

AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATE
TOTAL
END OF


INVESTMENTS
ORGANISATIONS

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1
$ Thousands


MONTHLY ECONOMIC REVIEW

END OF
AGRICULTURE
CONSTRUCTION
COMMUNICATIONS
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
US$ Thousands


MONTHLY ECONOMIC REVIEW

End Pe rio d

( US $ millio ns )
Lo ng - Te rm Ext e rnal De b t

Go ve rnme nt

Bilateral Creditors


Multilateral Creditors

Private Creditors

Pub lic Ent e rp ris e s


Bilateral Creditors

1,155
Multilateral Creditors

Private Creditors

M o ne t ary Aut ho rit ie s

Multilateral Creditors - IMF

Privat e
16 2

6 7

4 1

4 5

3 5


S ho rt - Te rm Ext e rnal De b t


Supplier's Credits

Reserve Bank

Private

1,807
To t al Ext e rnal De b t

Gro s s Do me s t ic Pro d uc t

Ext e rnal De b t / GDP

SOURCE: M inistry of Finance and Reserve Bank of Zimbabwe
TABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)


MONTHLY ECONOMIC REVIEW

End Period
Nominal Lending Rates2
Individuals
Corporate

Jan
6.00-35.00
14.09
9.30
Feb
6.00-35.00
14.08
9.32
Mar
6.00-35.00
14.24
9.27
Apr
6.00-35.00
14.22
9.12
May
6.00-35.00
14.39
9.25
Jun
6.00-35.00
14.44
9.33
Jul
6.00-35.00
14.33
9.45
Aug
6.00-35.00
14.28
9.45
Sep
6.00-35.00
14.45
9.57
Oct
6.00-35.00
14.36
9.90
Nov
6.00-35.00
14.26
9.97
Dec
6.00-35.00
14.19
9.68

Jan
6.00-35.00
14.16
9.66
Feb
4.30-33.50
14.00
9.73
Mar
4.30-33.50
13.24
8.75
Apr
4.30-31.00
12.71
8.84
May
5.00-31.00
12.74
8.79
Notes
3. Lending rates exclude rates on staff loans.
TABLE 4.1 LENDING RATES (percent per annum)1
2. Nominal Lending Rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Average Lending Rates 3
1. Table revised, to separate weighted lending rates for individuals and corporate bodies.


MONTHLY ECONOMIC REVIEW

END OF
SAVINGS
3 MONTHS

Jan
0.15-8.00
3.00-20.00
Feb
0.15-8.00
3.00-20.00
Mar
0.15-8.00
3.00-20.00
Apr
0.15-8.00
3.00-20.00
May
0.15-8.00
3.00-20.00
Jun
0.15-8.00
3.00-20.00
Jul
0.15-8.00
3.00-20.00
Aug
0.15-8.00
4.00-20.00
Sep
0.15-8.00
4.00-20.00
Oct
0.15-8.00
4.00-20.00
Nov
0.15-8.00
4.00-20.00
Dec
0.15-8.00
3.00-20.00

Jan
0.15-8.00
3.00-17.00
Feb
0.50-12.00
1.00-17.00
Mar
0.50-12.00
1.00-17.00
Apr
0.30-8.00
1.00-17.00
May
0.30-8.00
1.00-17.00
* The range of rates qouted by banks during the period.
TABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*
COMMERCIAL BANKS


MONTHLY ECONOMIC REVIEW

FOOD IN FLA TION
A LL
A LC OHOLIC
B EV ER A GES
C LOTHIN G
HS IN G, WA TER ,
FU R N ITU R E
HEA LTH
TR A N S POR T
C OM M U N IC A TION
R EC R EA TION &
ED U C A TION
R ES TA U R A N TS &
M IS C .
TOTA L N ON
FOOD &
ITEM S
& TOB A C C O
FOOTWEA R
ELEC TR IC TY ,
GA S
A N D
C U LTU R E
HOTELS
GOOD S &
FOOD
N ON A LC OHOLIC
B EV ER A GES
& OTHER
EQU IPM EN T
S ER V IC ES
FU ELS
WEIGHTS


OC TOB ER

N OV EM B ER

D EC EM B ER


JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER


JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

N ON - FOOD IN FLA TION
TABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX
( DECEMBER 2012 = 100)


MONTHLY ECONOMIC REVIEW

FOOD
IN FLA TION
A LL
A LC OHOLIC
B EV ER A GES
C LOTHIN G
HS IN G,
WA TER ,
FU R N ITU R E
HEA LTH
TR A N S POR T
C OM M U N IC A
TION
R EC R EA TION
&
ED U C A TION
R ES TA U R A N
TS &
M IS C .
TOTA L N ON
FOOD &
ITEM S
& TOB A C C O
FOOTWEA R
ELEC TR IC TY ,
GA S
A N D
C U LTU R E
HOTELS
GOOD S &
FOOD
N ON
A LC OHOLIC
B EV ER A GES
& OTHER
EQU IPM EN T
S ER V IC ES
FU ELS
WEIGHTS

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER

JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

JU N E

JU LY

A U GU S T

S EPTEM B ER

OC TOB ER

N OV EM B ER

D EC EM B ER

JA N U A R Y

FEB R U A R Y

M A R C H

A PR IL

M A Y

N ON - FOOD IN FLA TION
TABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
(DECEMBER 2012 = 100)


MONTHLY ECONOMIC REVIEW

SA
BW
JAPANESE
EUROPEAN
POUND
END OF
RAND/1
PULA/1
YEN/1
CURRENCY/2
STERLING/2

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY

TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES


MONTHLY ECONOMIC REVIEW

Foreign
Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
&
Balances
Balances
Balances
with RBZ
Bond
Coin
with
with Other
at
Trade
Treasury
Agric PEs

Coins
at Banks
RBZ
Banks
Foreign Banks
Bills
Bills
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug.

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Liquid Assets
TABLE 7.1: COMMERCIAL BANKS - ASSETS
Securities
US$ Millions


MONTHLY ECONOMIC REVIEW

Deposits
Capital
Contigent
Other
Total
Of which
and
Liablities
Liablities
Liabilities to the
End of
Demand
Savings and Short-term
Long-term
Total
Foreign Liabilities
RBZ
Other Banks
Reserves
Public

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug.

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions
Amounts Owing to


MONTHLY ECONOMIC REVIEW

Foreign
Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
Bond
&
Balances
Balances
Balances
Liquid
with RBZ
Coins
Coin
with
with Other
at
Trade
Treasury
Agris Pes
Assets
at Banks
RBZ
Banks
Foreign Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

US$ Millions
TABLE 8.1 : ACCEPTING HOUSES - ASSETS
Liquid Assets
Securities


MONTHLY ECONOMIC REVIEW

Of which
Deposits
Capital
Contigent
Other
Total
Liabilities to the
and
Liablities
Liablities
Public
End of
Demand
Savings and Short-term
Long-term
Total
Foreign Liabilities
RBZ
Other Banks
Reserves

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Amounts Owing to
TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


MONTHLY ECONOMIC REVIEW

Foreign
Mortgage
Other
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advances
Advances
Assets
Assets
&
Balances
Nostro
with RBZ/1
Bond
Coin
with Other
Balances
Trade
Treasury
Agris Pes
Coins
at Banks
Banks
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Liquid Assets
Securities
TABLE 9.1 : BUILDING SOCIETIES - ASSETS
US$ Millions


MONTHLY ECONOMIC REVIEW

Of which
Capital
Other
Total
Liabilities to the
and
Liabilities
Public
End of
Savings and Short-term
Long-term
Total
Foreign Liabilities
Other Banks
Reserves

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Deposits
TABLE 9.2 : BUILDING SOCIETIES - LIABILITIES
US$ Millions
Amounts Owing to


MONTHLY ECONOMIC REVIEW

Market Capitalisation
Industrial
Mining
Market Turnover(US$) Volume of Shares
US$ Millions

Jan

Feb

Mar

Apr

May

Jun

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Indices
Table 10: ZIMBABWE STOCK MARKET STATISTICS


MONTHLY ECONOMIC REVIEW

Commercial
Building
End of
Banks
P.O.S.B.
Societies
TOTAL

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

1/ Comprises all deposits other than demand deposits.
TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS
US$ Millions


MONTHLY ECONOMIC REVIEW

Liquid
Prescribed
Excess
Liquid
Prescribed
Excess
assets
liquid
liquid
assets
liquid
Liquid
End of
held
assets/1
assets
held
assets/1
assets

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

1/ With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed to 25% of liabilities to the public, from 20%.
US$ Millions
TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS
Commercial Banks
Accepting Houses


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul
3955.45
11.72
125.81

312.35
101.75
Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

TABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Values of Transactions (US$ millions)


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

TABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY
Volumes of Transactions (in thousands)

MONTHLY ECONOMIC REVIEW