Barriers And Challenges Restraining Zimbabwean Banks In Going Multinational

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Courage Mlambo
David Mapondera
Morris Tenderere

Keywords

Multinational Banking, Foreign Banking, Economic Globalisation, Indigenous Banks

Abstract

This paper investigates the barriers and challenges restraining Zimbabwean banking institutions in going multinational. The paper drew attention from the fact that although multinational banking had increased drastically in the last two decades, Zimbabwean banks have failed to go multinational.

Findings from this study indicate that cultural distance, government policy, information asymmetry, level of technology, legal and regulatory barriers and barriers to entry are the main challenges that restrain Zimbabwean banks from going multinational. The paper also examines policy options to address the challenges faced by Zimbabwean banks when going multinational.

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