The Zimbabwe Asset Management Corporation (Private) Limited (ZAMCO) was established by the Reserve Bank of Zimbabwe in July 2014 as part of holistic measures to deal with problem of rising non-performing loans (NPLs) in the banking sector. This was in recognition of fact that that high NPLs invariably constrain banking institutions’ credit intermediation capacity thus, acting as a drag on economic growth.

Thus ZAMCO was set up with the specific mandate of efficiently resolving the non-performing loans of banking institutions in Zimbabwe through acquiring, restructuring and disposal of NPLs.

The Board has adopted the provisions of the RBZ Guideline No. 02-2004/BSD: Corporate Governance and the recommendations contained in the King Reports on Corporate Governance in South Africa and the guidelines published by various authoritative sources.

ZAMCO is committed to the principles of openness, integrity and accountability as advocated in the above Corporate Governance codes and guidelines.   All   business  dealings  and  relationships  with  all  stakeholders  are conducted with  honesty and  integrity  and  in  accordance with  generally  accepted  corporate practices.