Z$ depreciation hits FCB deposits

  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…

Subscribe to read full article. Subscribe today

Related posts

FLA considers bulk fuel imports

‘Incentives needed to drive ZEEX’

GMB secures US$5m for farmers

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