Subscribe Today
Friday, April 18, 2025
Top Posts
Trump seeks to accelerate millions of deportation cases
SA’s new rules on short selling come up...
Google AI search shift leaves website makers feeling...
First Capital hosts regional client golf tour
Economic outlook is uncertain: Business
VFEX stocks rally in Q1. . .as Zimbabwe...
‘US tariffs concession to weigh on economy’
Stock brokers walk tight rope
Easter treats and showstopper fraisier at Cafe de...
CZI calls for gender equity in manufacturing
Subscribe Today
©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Home » NMB secures US$100m offshore credit line
Companies & Markets

NMB secures US$100m offshore credit line

written by Almot Maqolo, Staff Writer 0 comments
NMB’s increased reliance on offshore borrowings, which rose significantly from ZiG1,02 billion to ZiG1,89 billion, raises concern about its vulnerability to external shocks and currency fluctuations.
0 FacebookTwitterLinkedinWhatsappTelegramEmail

NMB Bank Zimbabwe Limited (NMB) says it is closing in on deals cumulatively worth US$100 million in credit lines offshore, for on-lending to productive sectors of the economy this year.In the 2024 fiscal year, NMB raised over US$65 million in funding from offshore developmental finance institutions (DFIs), reflecting its ability to secure substantial financial resources…

Subscribe to read full article. Subscribe today
0 FacebookTwitterLinkedinWhatsappTelegramEmail

Related Posts

VFEX stocks rally in Q1. . .as Zimbabwe Stock Exchange sees red

Zeco focuses on cost control following slump in earnings

Proplastics banks on government projects

Caledonia concludes solar plant sale

Econet to launch new products at ZITF

IDBZ courts private partners

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

CATEGORIES

ABOUT THE FINANCIAL GAZETTE

Facebook Twitter Instagram Linkedin Whatsapp

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
©2024 The Financial Gazette. All Right Reserved. Designed and Developed by Innovura

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Close