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Home » First Capital assets double on forex holdings
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First Capital assets double on forex holdings

written by Elton Manguwo, Staff Writer 0 comments
The Victoria Stock Exchange (VFEX) listed financial institution also saw its regulatory capital increase 115 percent in the period under review.
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FIRST Capital Bank shrugged off the impact of the local currency devaluation to grow its asset base by 124 percent during the nine months to October 31, 2024 thanks to a strategic boost in foreign currency holdings.The near 43 percent devaluation of the ZiG by the authorities in September 2024 decimated the financial sector balance…

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