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…
First Capital assets double on forex holdings
FCB entered into a share purchase agreement with ASB Hospitality LLC in September last year for the disposal of its shareholding in Makasa Sun in a deal worth US$30 million.