adminapplied for voluntary liquidation after it merged with Interfin Merchant Bank.
Mr Reggie Saruchera of Camelsa was appointed provisional liquidator. “The High Court of Zimbabwe issued an order for the provisional liquidation of CFX Bank and Reggie Saruchera has been appointed provisional liquidator of the applicant,” the court said.
“Any interested party may appear before this Honourable Court on Wednesday March 30, 2011,” it added.
A source said the liquidation of CFX Bank was meant to facilitate the surrender of its banking license to the central bank. “After the merger of CFX Bank and Interfin Merchant Bank it meant that there were two licenses that were being held by one bank,” the source said.
Following the merger, CFX Bank remained a company, which was not conducting any business, but in possession of a banking license. “The license which is in use is the one issued to Interfin Banking Corporation while the other one has been surrendered,” the source said.
The merger followed Interfin Holdings’ acquisition of a 51 percent stake in its CFX bank. – New Ziana.
Online Reporter
- Chronicle , SundayNews
- September 26, 2026
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