NMB seizes property worth ZW$11,5bn from defaulters

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NMB Bank Zimbabwe Limited (NMB) seized properties worth ZWL11,5 billion in 2023 as part of efforts to recover loans from defaulting clients. The group closed the year 2023 with a loan book amounting to ZWL494,5 billion, with a major emphasis on recovering non-performing loans. Agriculture, which represents 31 percent of group loans, has been one…