[Date]


APRIL 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 6
Cheque Transactions 6

MONTHLY ECONOMIC REVIEW

March

April
Month-on-
Month
Change
Z.S.E. Mining Index1
43.93
42.93
-2.25%
Z.S.E. Industrial Index1
158.22
156.23
-1.26%
Money Supply (US$)2
4 370.32 million 4 438.84 million
1.57%
Money Supply (M3) Annual Growth2
6.75%
4.93%

Yearly Inflation3
-1.20%
-2.65%

Monthly Inflation3
-0.03%

-0.89


Nominal Lending Rate
4.30-33.50%
4.3-31.00%

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
Most international stock markets recorded positive
gains in April 2015, buoyed by the International
Monetary Fund's anticipated positive outlook for
advanced economies in 2015. The major US equity
benchmarks reached record highs in April 2015,
before falling back at the end of the month and ending
with modest gains. A rebound in oil prices led to
strong
performance
for
energy
shares
and
telecommunication services stocks. US stock prices
declined late in the month, following the release of
data showing that the economy had grown at an
annual rate of 0.2% in the first quarter. This growth
was well below market expectations.
In tandem, most major African stock markets traded
positively in April 2015, with the exception of
Kenya’s
Nairobi
Securities
Exchange
which
registered losses. Bearish conditions continued on the
Zimbabwe stock market, with the industrial index
declining from 158.22 points in March 2015, to
156.26 points in April 2015. Over the same period,
the mining index also declined from 43.93 points to
42.93 points.


The decline in the industrial index largely reflected
thin trading on the local bourse during the month
under review. The mining index was weighed down
by losses in Hwange and Riozim.
Trading volumes increased by 38.91% to 563.83
million shares in April 2015, from 405.88 million
shares in March 2015. The volume of shares traded in
April 2015 was largely driven by special bargain
trades in Dawn and RTG shares, as well as notable
trades in CBZH, Delta and Econet. Market turnover
also increased from US$18.90 million in March 2015,
to US$29.19 million in April 2015.

Source: Zimbabwe Stock Exchange
The spike in both the volume and value traded of
shares on 10th April 2015, was as a result of a block
trade in Dawn shares of 456 586 884 at US0.02 cents
per share.
In line with the downward trend in industrial and
mining indices, market capitalisation declined from
US$4 117.08 million in March 2015, to US$4 066.07
million in April 2015.

30-Jul-12
30-Oct-12
30-Jan-13
30-Apr-13
31-Jul-13
31-Oct-13
31-Jan-14
30-Apr-14
31-Jul-14
31-Oct-14
31-Jan-15
30-Apr-15
Figure 1: ZSE Indices
Industrial
Mining

VALUES TRADED (US$ MILLIONS)
VOLUMES TRADED (MILLIONS)
Figure 2: ZSE: Daily Volumes and
Values Traded
Volume
Turnover
Source: Zimbabwe Stock Exchange


MONTHLY ECONOMIC REVIEW

MONETARY DEVELOPMENTS

Broad money supply increased by 1.57% from
US$4
370.32
million
in
March
2015,
to
US$4 438.84 million in April 2015. On an annual
basis, however, growth in broad money declined from
6.75% in March 2015, to 4.93% in April 2015.

Source: Reserve Bank of Zimbabwe
The annual growth in broad money was mainly driven
by increases in long term deposits, of 41.45%; and
savings deposits, 13.40%. Short term deposits
registered a decline of 2.50% over the same period.
The structure of deposits remained largely the same,
with demand deposits accounting for 46.29%; long
term, 22.23%; short term, 17.95%; and savings
deposits, 13.50% of total deposits.


Bank credit to the domestic economy increased by
9.15% to US$ 4 529.78 million in April 2015, from
US$4 371.03 million in March 2015.

On a year-on-year basis, growth in credit to the
private sector was 4.6% in April 2015, down from
4.20% in March 2015. The monthly growth of credit
to the private sector, however, marginally increased
by 0.01% from US$3 761.81 million in March 2015,
to US$3 762.04 million in April 2015.
During the month of April 2015, loans and advances
constituted 82.30% of the total credit to the private
sector, followed by mortgages advanced by building
societies, 13.87%; other investments, 1.71%; bills
discounted, 1.17%; and bankers’ acceptances, 0.90%.
-5


Oct
Dec
Feb
Apr
Jun
Aug
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Dec
Feb
Apr
%
US$ BILLIONS
Figure 3: Money Supply
M3
M3 Annual Growth
Short
Term
18%
Long Term
22%
Demand
46%
Savings
14%
Figure 4: Banking Sector Deposits
March 2015
Source: Reserve Bank of Zimbabwe


MONTHLY ECONOMIC REVIEW

Source: Reserve Bank of Zimbabwe
On a sectoral basis, credit was distributed as follows:
agriculture
(18.54%);
services
(17.27%);
manufacturing (15.26%); distribution (15.06%);
mining (6.75%); transport and communications
(3.07%); and construction (1.02%). Consumptive
borrowing by households remained high at 18.38% of
total credit to the private sector in April 2015.
Credit to the private sector was mainly channelled
towards asset purchases, 47.33%; inventory build-up,
32.61%; consumer durables, 11.33%; and vehicle
purchases, 2.84%. Credit to the private sector for
capital development remained depressed accounting
for 5.15% of total loans and advances. The
procurement
of
plant
and
equipment,
land
development, and office equipment, accounted for
3.76%, 0.86% and 0.53%, respectively, of total loans
and advances.
INFLATION OUTTURN

Annual Inflation
Annual headline inflation remained in negative
territory, decelerating further from -1.2% in March
2015 to -2.65% in April 2015. The continued decline
in annual inflation was driven by both food and nonfood inflation.

Source: Zimbabwe Statistics Agency
Annual food inflation remained in negative territory,
declining further to -2.9% in April 2015, from -2.7%
in March 2015. This was largely due to declines in the
prices of bread and cereals, meat and vegetables,
among other food items.
The decline in meat prices was partly on account of
an increase the supply of beef and poultry products in
the domestic market. Monthly poultry output
increased by 24% to about 11 000 tonnes in 2014, and
this growth trend was maintained during the first
quarter of 2015. In addition, the drought experienced
during the 2014/15 agricultural season reduced
grazing pastures in the main beef producing areas of
Matebeleland, Midlands, Masvingo and northern
Loans & Advances
82.30%
Bills
Discounted
1.17%
Bankers
acceptances
0.90%
Other
investments
1.77%
Mortgages
13.87%
Figure 5: Credit to Private Sector
March 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
Figure 6: Annual Inflation
(%)
Headline Inflation
Food
Non Food


MONTHLY ECONOMIC REVIEW

parts of Mashonaland provinces. This, together with
the anticipated shortage of food in 2015, has triggered
destocking of the beef herd, thereby depressing meat
prices.
Annual non-food inflation recorded a significant
decline from -0.44% in March to -2.5% in April 2015.
The sharp decline was mainly on the back of declines
in communication; education; housing, water,
electricity, gas and other fuels; furniture and
equipment; recreation and culture; restaurants and
hotels; and transport. Partially offsetting the decline
in the annual non-food inflation were increases in
alcoholic beverages and tobacco and health services.
Monthly Inflation
Month-on-month inflation, which stood at -0.03% in
March 2015, retreated further to -0.89% in April
2015, on account of declines in both food and nonfood inflation.
Month on month food inflation fell to -0.6% in April
2015, from -0.03% in March 2015. The decline in
monthly food inflation was largely driven by the fall
in prices of bread and cereals, meat and sugar, jam,
honey, chocolate, and confectionery, among other
items.
Similarly, monthly non-food inflation decelerated to
-1.0% in April 2015, from -0.03% in March 2015,
weighed down by declines in the cost of housing, gas
and liquid fuels, furniture and equipment, clothing
and footwear and transport services. Partly offsetting
these
declines
were
increases
in
education,
restaurants and hotel services.
In the outlook period, inflation developments in the
domestic economy will continue to be influenced by
international oil prices, US$/rand exchange rate,
domestic and regional food output, as well as the level
of aggregate demand in the economy.


NATIONAL PAYMENTS SYSTEM

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
RTGS system in April 2015, increased by 3% to
US$3.9 billion from US$3.8 billion recorded in
March 2015. However, the volume of transactions
registered a decrease of 6% from 191,637 to 180,335
in the same period
Source: Reserve Bank of Zimbabwe

Card Based Transactions
The total value of card based transactions increased
from US$430.27 million in March 2015 to
US$433.66 million in April 2015.


Apr-12
Aug-12
Dec-12
Apr-13
Aug-13
Dec-13
Apr-14
Aug-14
Dec-14
Apr-15
-

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


MONTHLY ECONOMIC REVIEW

Mobile and Internet Based Transactions

The total value of mobile and internet based
transactions declined from US$476.38 million in
March 2015, to US$453.61 million in April 2015.

Cheque Transactions

In terms of value, cheque transactions stood at
US$10.81 million in April 2015, down from
US$11.11 million in March 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


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

APRIL
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

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs

OTHER ITEMS (NET)

BROAD MONEY (M3)

1. Building societies and P. O. S. B.
2. Sign reversal.

TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands


MONTHLY ECONOMIC REVIEW

APRIL
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

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

APRIL
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

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

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.
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

/1 Including the only merchant bank still in operation.
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

/1 Including the only merchant bank still in operation.
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 Exte rnal De b t

Go ve rnme nt

Bilateral Creditors


Multilateral Creditors

Private Creditors

Pub lic Ente rp ris e s


Bilateral Creditors

1,155
Multilateral Creditors

Private Creditors

M o ne t ary A ut ho ritie s

Multilateral Creditors - IMF

Privat e
16 2

6 7

4 1

4 5

3 5


S ho rt- Te rm Exte rnal De b t


Supplier's Credits

Reserve Bank

Private

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

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

Ext e rnal D e 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 Rates

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
Notes
3. Lending rates exclude rates on staff loans.
TABLE 4.1 LENDING RATES (percent per annum)

2. Nominal Lending Rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Average Lending Rates

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
* 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 INFLATION
A LL
ALC OHOLIC
B EV ER A GES
CLOTHIN G
HS IN G, WA TER ,
FU R NITUR E
HEA LTH
TR AN S POR T
C OM M UN ICA TION
R EC R EA TION &
EDU C ATION
R ES TAU R AN TS &
M IS C .
TOTA L N ON
FOOD &
ITEM S
& TOB A CC O
FOOTWEAR
ELECTR IC TY,
GA S
AN D
C U LTU RE
HOTELS
GOOD S &
FOOD
N ON A LC OHOLIC
B EV ER A GES
& OTHER
EQU IPM EN T
S ER VIC ES
FU ELS
WEIGHTS


OC TOB ER

NOV EM B ER

DEC EM B ER


JAN UA R Y

FEB RU A RY

M A R CH

APR IL

M A Y

JUN E

JULY

AU GUS T

S EPTEM B ER

OC TOB ER

NOV EM B ER

DEC EM B ER


JAN UA R Y

FEB RU A RY

M A R CH

APR IL

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


MONTHLY ECONOMIC REVIEW

F OOD
IN FLA TION
A LL
A LC OHOLIC
B EV ER A GES
C LOTHIN G
HS IN G,
WA TER ,
F U 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
F U 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

N ON - F OOD IN F LA 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

TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES
1. Fo reign currency per US Do llar.
2. US Do llar per unit o f fo reign currency.


MONTHLY ECONOMIC REVIEW

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

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

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

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


MONTHLY ECONOMIC REVIEW

Loans &
Contigent
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advnces
Assets
Assets
Assets
&
Balances
Balances
Balances
Liquid
with RBZ
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

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

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


MONTHLY ECONOMIC REVIEW

Mortgage
Other
Other
Non Financial
TOTAL
End of
Notes
Total
Other Balances
Advances
Advances
Assets
Assets
&
Balances
Nostro
with RBZ/1
Coin
with Other
Balances
Trade
Treasury
Agris Pes
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

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

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

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

Indices
Table 10: ZIMBABWE STOCK MARKET STATISTICS


MONTHLY ECONOMIC REVIEW

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

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

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


MONTHLY ECONOMIC REVIEW

MONTH
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan

Feb

Mar

Apr

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


MONTHLY ECONOMIC REVIEW

MONTHLY ECONOMIC REVIEW