The SA Reserve Bank’s decision to place Ubank under curatorship before its capital adequacy problems get out of hand will protect consumers and ultimately prevent repeating what happened with African Bank or VBS, according to analysts. | Fin24
The SA Reserve Bank’s decision to place Ubank under curatorship before its capital adequacy problems get out of hand will protect consumers and ultimately prevent repeating what happened with African Bank or VBS,
according to analysts.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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JUST IN | Reserve Bank places Ubank under curatorship | Fin24Ubank, which has around 4.7 million accounts - mainly among mineworkers and their families, has been placed under curatorship. | Fin24
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South African Reserve Bank Places Ubank Under Curatorship - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsUbank, a South African bank that mainly targets blue-collar workers and those in the mining sector, has been placed under curatorship by the South African Reserve Bank. This comes after concerns about the bank’s capital adequacy, weak corporate governance, as well as lack of corporate internal controls. KPMG South Africa has been assigned as the […]
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BREAKING NEWS: Ubank placed under curatorshipThe bank, which serves rural communities and mineworkers, has a capital adequacy ratio of just 3% vs an industry-wide average of more than 15%
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Ubank placed under curatorship, Sarb confirmsUbank – the small retail lender which largely caters for mineworkers – has been placed under curatorship, South African Reserve Bank (Sarb) Governor KganyagoLesetja confirmed on Monday. Moneyweb Ubank Sarb
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Ubank placed under curatorship after running out of capitalUBank placed under curatorship after running out of capital
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Ubank placed under curatorshipThe bank, which serves rural communities and mineworkers, has a capital adequacy ratio of just 3% vs an industry-wide average of more than 15%
Read more »