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Zimbabwe: Banks

Volume 468: debated on Monday 26 November 2007

To ask the Secretary of State for Foreign and Commonwealth Affairs what assessment he has made of the lending activities of British banks in Zimbabwe; and if he will make a statement. (165584)

The activities of banks incorporated in Britain and operating in Zimbabwe are subject to EU regulations. We take very seriously any allegation of a breach of article 6 of Regulation 314/2004 and will always investigate. We are determined to see that EU sanctions are properly enforced.