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Home » Foreign currency loans dominate banks’ books
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Foreign currency loans dominate banks’ books

written by Almot Maqolo, Staff Writer 0 comments
A 2021 report by the International Monetary Fund found grey-listed countries experienced 'a large and statistically significant reduction in capital inflows'
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ZIMBABWE’s banking sector is heavily invested in foreign currency-denominated loans, which account for 88,88 percent of total loans and advances, reaching ZiG27,45 billion by mid-2024, according to recent data. The Reserve Bank of Zimbabwe (RBZ) Banking Sector Industry Report for the quarter ending June 30, 2024, states that banks have remained committed to funding productive…

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