WATCH: All you need to know about VBS Mutual Bank | Fin24
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WATCH: All you need to know about VBS Mutual Bank

Mar 17 2018 09:00

Cape Town - The South African Reserve Bank on Sunday placed VBS Mutual Bank under curatorship after it found itself facing a liquidity crisis.

The bank's major shareholders, Public Investment Corporation and Vele Investments, have said they would work together with National Treasury and other stakeholders to chart a way forward for the bank.

Both Treasury and SARB have said that placing the bank under curatorship was the best way to rescue it.

Fin24 unpacks how the bank got to this point. 

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