First Capital assets double on forex holdings

First Capital Bank is among the notable local finance institutions at the forefront of innovation and fragility in terms of business execution amid a challenging operating environment.

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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