Z$ depreciation hits FCB deposits

22

  FIRST Capital Bank (FCB) says its deposits declined by 19,54 percent to US$109,5 million during the half-year ended June 30, 2023, owing to the devaluation of the Zimdollar. The domestic unit lost more than 75 percent against the greenback during the period. The bank’s US dollar-denominated deposits, however, increased by 6,6 percent during the…