EmpowerBank’s lending surges

THE EmpowerBank’s gross lending increased by 159 percent to $61 million in 2020, driven by appetite for credit among its target customer-base, the youth. This comes as most banks have adopted a cautious approach to lending, with the average prudential liquidity ratio remaining high at around 70 percent, according to Reserve Bank of Zimbabwe (RBZ)…

Subscribe to read full article. Subscribe today

Related posts

NRZ to appoint substantive GM in April

Government bids to convert MoUs with India

RBZ forecasts a temporary inflation blip

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More