MONTHLY ECONOMIC REVIEW
MAY 2013
Selected Economic Indicators

Stock Market Developments

Inflation

National Payments System

Statistical Tables

Monetary Developments

INSIDE THIS ISSUE:

PAGE
SELECTED ECONOMIC INDICATORS

April

May
Z.S.E. Mining Index1
71.98
73.99
Z.S.E. Industrial Index1
189.66
212.72
Money Supply (Total Bank Deposits) (US$)2
3.97 billion
4.02 billion
Money Supply (M3) Annual Growth2
14.85%
12.23%
Yearly Inflation3
2.49%
2.20%
Sources:
1 Zimbabwe Stock Exchange
2 Reserve Bank of Zimbabwe
3 ZIMSTAT


Month on
Month
change


STOCK MARKET DEVELOPMENTS

The Zimbabwe stock market put up a strong
performance in May 2013, on account of
sustained demand for blue chip counters by
foreign investors. Investor confidence returned, further spurring the rise in the ZSE,
against a background of low domestic liquidity and sluggish economic performance.

Reflecting thin trading on the local bourse,
the volumes traded declined by 7.8% to
142.6 million shares in May 2013, from
154.8 million shares in April. The value of
shares traded, however, remained high as a
result of trading being concentrated on blue
chip counters. The month of May recorded a
turnover of US$35.2 million up from
US$25.7 million in April 2013. Compared to
the same period last year, the volume and
values traded declined by 71.6% and 11.6%,
respectively.

Despite low economic activity, share prices
on the local bourse maintained an upward
trend during the month under review, driven
by demand from foreign investors. As such,
the industrial index gained 12% from 189.66
points in April, to close the month of May
2013 at 212.72 points.

The implementation of monetary stimulus
measures in developed countries has resulted
in increased liquidity and reduced returns on
investment in the euro zone and USA. This
has resulted in portfolio investment inflows

2 3

2 4
into most African stock markets, including
Zimbabwe, explaining the increased participation by foreign investors. Liquidity shortages in the domestic market have, however,
continued to hamper the participation of local investors.

The mining index also gained 2.01% to close
the month under review at 73.99 points. On a
year-to-date basis, the mining index increased by 11.6%. The mining index has
been lagging behind the industry index partly
due to high extraction costs, against lower
demand for the commodities on the international markets.

Following the increase in both the industrial
and mining indices, total market capitalization registered an 11.8% increase to a record
high of US$5.4 billion. On a year-to-date basis, market capitalization rose by 39%.

Notwithstanding the strong performance registered during the month under review, the
ZSE remains prone to external shocks as
trading is largely dominated by foreign investors.

A reduction in the stimulus measures in developed economies, for example, may lead to
an improvement in investment yields these
economies, leading to significant outflows
from the local bourse. There is, therefore,
need for the implementation of policies that
encourage foreign investors to continue participating actively as well as holding long
positions on the ZSE, to prevent liquidity
drainage from the economy.


MONETARY DEVELOPMENTS

Annual growth in broad money decelerated
to 12.23% in May 2013 after strengthening
in April 2013. In levels, broad money surpassed the US$4 billion mark for the first
time in the multicurrency era, to close the
month under review at US$4.02 billion.

The growth was largely underpinned by increases of US$0.16 billion and US$0.15 billion in demand and long term deposits, re-

3 5
spectively. On a month on month basis,
broad money grew by 1.3% in May, compared to 4.4% recorded in April 2013.

Deposits held by banks largely emanated
from utilities and local authorities, 22.63%;
households, 17.91%; and financial organizations, 14.71%. The proportion of deposits
from retail and distribution activities, which
was 12.96% in December 2012, progressively declined to 9.84% in May 2013.

The developments in domestic credit continued to mirror trends in deposits as annual
growth in domestic credit declined from
26.20% in April to 23.1% in May 2013. On
a month-on-month basis, growth in domestic credit registered a 2% increase, from 3.4%
in the previous month.

The banking sector largely channeled its
credit to private sector enterprises, which accounted for 92.87% of total domestic credit.
Net credit to Government accounted for only
5.48% of total domestic credit. This, in large
part, reflected the Government’s usage of the
cash budgeting system.

Outstanding credit to the private sector
amounted to US$3 595.19 million, down from
US$3 569.40 million recorded in April 2013.
Credit to the private sector was largely composed of loans and advances, 84.89%; mortgages, 8.55%; bills discounted, 3.22%; other

investments, 1.81%; and Bankers’ Acceptances, 1.43%. The growth in credit was
largely underpinned by sustained demand for
loans and advances.

Loans and advances were mainly allocated to
agriculture (17.92%) for pre and post tobacco
financing; distribution (16.94%); and manufacturing (17.49%) activities. Loans to individuals accounted for 18.54% of total loans
and advances to the private sector.

Private sector loans and advances were
mainly utilized for working capital (77.10%).
Credit utilized for fixed investment activity,
however, remained low, with the procurement of plant and equipment accounting for
5.64% and pre and post shipment financing at
2.09% of total loans and advances. The purchase of consumer durables accounted for
15.17%.

In the context of a multiple currency regime,
the country’s external sector performance
remains a key determinant of money supply
growth in the economy. In this regard,
sources of liquidity largely comprise of export earnings, Diaspora inflows, offshore
credit lines, foreign direct and portfolio investment inflows, as well as capital transfers
including grants.
Accordingly, negative developments on the
country’s balance of payments constrain deposit mobilization initiatives, further tightening liquidity conditions in the economy, with
negative knock on effects on economic
growth.

INFLATION DEVELOPMENTS

Annual Inflation

Annual inflation continued on a downward
trend since March 2013, decelerating to 2.2%
in May 2013, from 2.49% in April 2013.
This was on the back of depressed domestic
economic activity and tight liquidity conditions. Also contributing to inflation slowdown was the weakening of the South African rand against the United States of
America dollar.

Annual food and non alcoholic beverages
inflation declined from 3.58% in April 2013,
to 3.54% in May 2013, while non-food infla-

tion stood at 1.54% in May 2013, from
1.94%, in April 2013. Year-on-year food inflation slowed down to 3.54% in May 2013,
from 3.58% in April 2013.

The decline in food inflation was partly attributable to the weakening of the rand which
resulted in a reduction in the landed cost of
food imports from South Africa, the country’s largest trading partner. Furthermore, the
onset of the harvesting season resulted in the
improvement of local food supply and thus
pulling food prices down .

Annual non-food inflation also declined to
1.54% in May 2013, from 1.9% in April
2013. Increases in rentals, transport and education costs largely contributed to annual non
-food inflation.
Month-on-Month Inflation

Month-on-month inflation decelarated from
-0.07 % in April 2013, to -0.21% in May
2013, due to a decline in aggregate demand
in the economy.
Monthly non-food inflation fell from 0.11%
in April 2013 to -0.17% in May 2013, on account of price declines in the furniture and
equipment, transport, recreation and culture,
and miscellaneous goods and services categories.

Month-on-month food inflation stood at
-0.28% in May 2013, compared to –0.44% in
April 2013.
Inflation Outlook
Inflation is expected to remain low and stable,
though largely depending on the movement of
international oil prices, the US$/rand exchange rate developments, as well as fluctuations in the level of aggregate demand in the
economy.

NATIONAL
PAYMENTS
SYSTEM
DEVELOPMENTS

The national payment systems continued to
exhibit stability and resilience, during the period under review. The Bank’s goal is to ensure that payment systems are available without interruption, meet all users' needs, and
operate at minimum risk and reasonable cost.

As such, the Central Bank will continue to
deepen its role through increased monitoring
and collaboration with various stakeholders in
order to maintain safety, soundness and stability in of the payment systems.
With the exception of cheques, most payment
streams registered increases during the month
of May 2013, in both volume and value terms.

Zimbabwe Electronic Transfer Settlement System (ZETSS)

The value of transactions processed through
the RTGS system in May 2013 increased by
10.7% to US$3.91 billion, from US$3.54
billion in April 2013. On the other hand, the
volume of transactions registered an increase of 18% from 182 865 to 215 199 during the same period.
Card Systems


The total value of card based transactions
rose by 1.3%, from US$328.2 million in
April to US$332.6 million in May 2013.

Mobile and Internet Based Transactions

The value of mobile and internet based
transactions rose by 28.3%, from US$283.6
million in April to US$364 million in May
2013.
Cheques

In value terms, cheque transactions decreased by 7.2%, from US$16.6 million in
April 2013 to US$15.4 million in May
2013.


Reserve Bank of Zimbabwe
June 2013

STATISTICAL TABLES
CONTENTS

Table


. 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 15

2.2 Sectoral Analysis of Merchant Banks Loans and Advances

2.3 Sectoral Analysis of Merchant Acceptances

2.4 Sectoral Analysis of Commercial Banks Deposits

2.5 Sectoral Analysis of Merchant 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

STATISTICAL TABLES
CONTENTS

Table


. Commercial Banks


7.1 Assets

7.2 Liabilities

8. Accepting Houses


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

TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

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


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. Class C Deposits


0.0
0.0
Building Soc. Other Share Deposits

P O S B Time Deposits

M3


May

74.5
1,932,968.10

112,173.40
2,045,215.9


221,622.3

192,634.8

56,544.5

637,041.1

67,104.2

122,672.1
3,342,834.9


387,930.6

54,361.5

212,044.5
0.0

11,266.5

9,703.5

4,018,141.5

TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands

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


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
223.8
203.6


Claims on Public Enterprises


RBZ

0.0

DMBs


Agri-PEs

0.0


Other


OBIs

0.0


Claims on Private Sector


RBZ


DMBs


OBIs


OTHER ITEMS (NET)


BROAD MONEY (M3)


MAY


4,506,758.0
3,871,013.0


635,745.0

4,018,141.5

TABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)
US$ Thousands
1. Finance houses, building societies and P. O. S. B.
2. Sign reversal.
3. Net Domestic Assets consist of domestic credit and other items net.

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


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
20.2
-20.2
-203.6

1,233.60


Claims on Public Enterpris

RBZ

0.0
0.0
0.0
DMBs

Agri-PEs


0.0
Other

OBIs

0.0
0.0
0.0
Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)


BROAD MONEY (M3)

GROWTH RATES


Broad Money (M3)

Domestic Credit

Claims on Private Sector


MAY


-11,405.7


51,399.0

1.3%
1.6%
0.7%

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


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)

DMBs

OBIs
223.8
203.6


Claims on Public Enterprises

RBZ

0.0
0.0
DMBs

Agri-PEs

-1.0
0.0
Other

OBIs

0.0
0.0
Claims on Private Sector

RBZ
10,864.80
3,313.70


DMBs

OBIs


OTHER ITEMS (NET)


BROAD MONEY (M3)


GROWTH RATES


Broad Money (M3)

Domestic Credit

Claims on Private Sector


MAY


-176,580.1

437,956.1


12.2%
23.3%
18.7%


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


$ Thousands

TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES


US$ Thousands


AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL
&
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES/1
TOTAL
END OF


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FREBRUARY

MARCH


APRIL

MAY

1. These are large corporation with business operations covering across a number of sectors.
TABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES


US$ Thousands


AGRICULTURE
CONSTRUCTION DISTRIBUTION
FINANCIAL
FINANCIAL
MANUFACTURING
MINING
SERVICES TRANSPORT INDIVIDUALS CONGLOMERATES
TOTAL
END OF


INVESTMENT ORGANISATIONS

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH

APRIL

MAY


TABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES


US$ Thousands


AGRICULTURE
DISTRIBUTION
FINANCIAL
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
END OF


INVESTMENT ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY


MARCH

APRIL

MAY


TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

263’552.7

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH


APRIL

MAY


TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY

FEBRUARY

MARCH


APRIL

MAY


TABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS BUT EXCLUDING PENALTIES)


End Period

(US$ millions)


Long-Term External Debt


6,101


Government


4,315
Bilateral Creditors


2,481
Multilateral Creditors


1,834
Private Creditors

Public Enterprises

1,139
Bilateral Creditors

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private

Short-Term External Debt

Supplier's Credits

Reserve Bank

Private

Total External Debt/1


7,160


Gross Domestic Product


8,865
External Debt / GDP

/1 Total external debt excludes penalties


SOURCE: Ministry of Finance and

TABLE 4.1 LENDING RATES (percent per annum)1

Commercial Banks
Merchant Banks


Weighted Average Lending
Rates3

Weighted Average Lending
Rates3


End Period
Nominal
Lending
Rates2
Individuals
Corporate
Nominal
Lending
Rates2
Individuals
Corporate

Mar


Apr


May


Jun


Jul


Aug


Sep


Oct


Nov


Feb


Notes


1. Table revised, to separate weighted lending rates for individuals and corporate bodies.

2. Nominal Lending Rates depict the range of rates quoted by banks.


3. Lending rates exclude rates on staff loans.
Dec


Jan


Apr


Mar


May


TABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1


COMMERCIAL BANKS
ACCEPTING HOUSES


END OF
SAVINGS
3 MONTHS
3 MONTHS

JANUARY
0.05-2.00
0.50-18.00
10.00-17.00
FEBRUARY
0.05-2.00
0.50-18.00
10.00-17.00
MARCH
0.05-2.00
0.50-16.00
10.00-17.00
APRIL
0.35-6.00
0.15-17.00
10.00-17.00
MAY
0.30-5.00
0.15-17.00
10.00-17.00
JUNE
0.15-5.00
0.15-17.00
10.00-17.00
JULY
0.15-5.00
0.10-17.00
10.00-17.00
AUGUST
0.15-5.00
0.10-17.00
11.00-17.00
SEPTEMBER
0.15-5.00
0.10-17.00
10.00-17.00
OCTOBER
0.15-5.00
0.10-17.00
10.00-17.00
NOVEMBER
0.15-5.00
0.10-17.00
10.00-17.00
DECEMBER
0.15-5.00
0.10-18.00
10.00-17.00


20122


JANUARY
0.15-5.00
5.00-18.00
10.00-17.00
FEBRUARY
0.15-5.00
5.00-18.00
10.00-17.00
MARCH
0.01-12.00
5.00-20.00
7.00-17.00
APRIL
0.00-12.00
5.00-20.00
8.00-17.00
MAY
0.00-12.00
5.00-20.00
6.00-17.00
JUNE
0.00-12.00
5.00-20.00
6.00-17.00
JULY
0.00-12.00
5.00-20.00
6.00-17.00
AUGUST
0.00-12.00
5.00-20.00
6.00-17.00
SEPTEMBER
0.00-12.00
5.00-20.00
6.00-17.00
OCTOBER
0.00-12.00
5.00-20.00
6.00-17.00
NOVEMBER
0.15-8.00
4.00-20.00
6.00-17.00
DECEMBER
0.15-8.00
4.00-20.00
6.00-17.00

JANUARY
0.15-8.00
4.00-20.00
6.00-17.00
FEBRUARY
0.15-8.00
4.00-20.00
6.00-17.00
MARCH
0.15-8.00
4.00-20.00
8.00-12.00


1.
The range of rates qouted by banks during the period.
2.
Three (3) months deposit rates revised to exclude rates on inactive or dormant
accounts.


APRIL
0.15-8.00
4.00-20.00
8.00-12.00
May
0.15-8.00
4.00-20.00
6.00-17.00

TABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
( DECEMBER 2012 = 100)
1. Source: ZIMSTATS. To reflect changing expenditure
patterns, ZIMSTAT introduced a revised CPI basket and
rebased CPI figures to December 2012=100.

NON-FOOD INFLATION
FOOD
INFLATION
ALL

ALCOHOLIC
BEVERAGES
CLOTHING
HSING,
WATER,
FURNITURE
HEALTH TRANSPORT
COMMUNICATION
RECREATION & EDUCATION
RESTAURANTS &
MISC.
TOTAL
NON
FOOD &
ITEMS

& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND


CULTURE

HOTELS
GOODS &
FOOD
NON
ALCOHOLIC
BEVERAGES


& OTHER
EQUIPMENT


SERVICES


FUELS


WEIGHTS


JANUARY

FEBRUARY

MARCH


APRIL

MAY


TABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
(DECEMBER 2012 = 100)
1. Source: ZIMSTATS. To reflect changing expenditure
patterns, ZIMSTAT introduced a revised CPI basket and
rebased CPI figures to December 2012=100.

NON-FOOD INFLATION
FOOD
INFLATION
ALL

ALCOHOLIC
BEVERAGES
CLOTHING
HSING,
WATER,
FURNITURE
HEALTH
TRANSPORT
COMMUNICATION
RECREATION &
EDUCATION
RESTAURANTS &
MISC.
TOTAL
NON
FOOD &
ITEMS

& TOBACCO
FOOTWEAR
ELECTRICTY, GAS
AND


CULTURE
HOTELS
GOODS &
FOOD
NON ALCOHOLIC
BEVERAGES


& OTHER
EQUIPMENT


SERVICES


FUELS


WEIGHTS


JANUARY

FEBRUARY

MARCH


APRIL

MAY


TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES


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


1. Foreign currency per US Dollar.


2. US Dollar per unit of foreign currency.

MARCH

APRIL

MAY


TABLE 7.1: COMMERCIAL BANKS - ASSETS


US$ Millions


Liquid Assets


Securities


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other Balances Advances
Assets
Assets
Assets
Assets

&
Balances
Balances
Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury Agric PEs
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug 331.2

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr


May


TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Of which


and
Liabilities Liabilities Liabilities Liabilities
to the
End of
Demand
Savings and
Short-term
Long-term
Total
Foreign
Liabilities
RBZ
Other Banks Reserves


Public


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr


May

2,066.0

913.0

479.9

3,459.0

346.5

0.0

81.8

674.4

389.8

209.0

5,160.4

3,459.0

TABLE 8.1 : ACCEPTING HOUSES - ASSETS
US$ Millions


Liquid Assets


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other
Balances Advances
Assets
Assets
Assets
Assets

&
Balances Balances Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

May

June

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May


TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


Of which


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Liabilities to the


and
Liabilities
Liabilities
Liabilities
Public
End of Demand Savings and
Short-term
Long-term
Total
Foreign
Liabilities
RBZ
Other
Banks
Reserves


Deposits

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May


TABLE 9.1 : BUILDING SOCIETIES - ASSETS
US$ Millions


Liquid Assets


Notes
Balances
Trade
Treasury
Total
Mortgage
Other
Other
Non Financial
Total
End of
&
with Other
Bills
Bills
Liquid
Advances
Advances
Assets
Assets
Assets

Coin
Banks


Assets


at Banks

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb


Jan

Mar


Apr

May


TABLE 9.2 : BUILDING SOCIETIES - LIABILITIES
US$ Millions


Of which

Deposits
Capital
Other
Total
Liabilities to the


and
Liabilities
Liabilities
Public
End of
Savings and
Short-term
Long-term
Total
Reserves


Deposits

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 10: ZIMBABWE STOCK MARKET STATISTICS


Indices
US$ Millions

Industrial
Mining
Market Capitalisation

Jan
138.52
79.09
3,422.20
Feb
146.03
95.39
3,696.60
Mar
136.76
85.01
3,458.10
Apr
129.55
97.15
3,303.40
May
132.03
83.73
3,351.20
Jun
131.96
75.70
3,341.46
Jul
132.92
112.12
3,445.93
Aug
132.27
89.04
3,434.00
Sep
146.00
96.00
3,822.80
Oct
154.47
93.66
4,033,76
Nov
150.16
68.74
3,890.9
Dec
152.40
65.12
3,963.50

Jan
179.34
84.07
4,700.33
Feb
182.3
72.01
4,748.24
Mar
183.88
66.21
4,726.34


Source: Zimbabwe Stock Exchange (ZSE)

Apr
189.66
71.98
4,894.68
May
212.72
73.99
5,471.22

TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS


US$ Millions


Commercial
Merchant

Building

End of
Banks
Banks
Other/2
Societies
TOTAL

January

February

March

April

May

June

July

August

September

October

November

December


January

February

March


1/ Comprises all deposits other than demand deposits.
2/ Includes People’s Own Savings Bank (POSB).


April

May


TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS


US$ Millions


Commercial Banks
Accepting Houses


Liquid
Prescribed
Excess
Liquid
Prescribed
Excess

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

January

February

March

April

May

June

July

Aug

September

October

November

December


January

February

March

April

May


1/ With effect from 1 August 2010, the prescribed liquid asset ratio was reviewed from 10% to 20% of liabilities to the public.

TABLE 13 : ZETSS, CHEQUES AND CARDS ACTIVITY.
US$ Millions
MONTH
ZETSS VALUES
CHEQUE VALUES
CARD VALUES
MOBILE & INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total

Feb


Jan

Mar


Apr

May
3,915.3
15.4
332.6
364.0