The Central Bank of Eswatini announced it is providing “prompt correction” to Eswatini Bank as part of its oversight function, aiming to stabilise the bank while supporting a structured transformation programme to strengthen its balance sheet, enhance governance and reinforce the risk management framework. The intervention also seeks to bolster operations and service delivery through targeted advisory support and capacity building. The process includes identifying and appointing an experienced consultant to provide strategic support over the short to medium term, including identifying additional measures to strengthen the balance sheet and improve performance in line with the transformation programme, while the bank continues to fulfil its development-oriented mandate.
Central Bank of Eswatini 2026-03-12
Central Bank of Eswatini initiates prompt corrective intervention at Eswatini Bank and moves to appoint a consultant
The Central Bank of Eswatini is implementing a "prompt correction" for Eswatini Bank to stabilize its operations and support a transformation programme. This initiative aims to enhance the bank's balance sheet, governance, and risk management framework, with strategic support from an experienced consultant. The intervention also focuses on improving service delivery and operational capacity while maintaining the bank's development mandate.