NMB secures US$100m offshore credit line

NMBZ has se­cured more than US$185 million in credit lines and is finalising an additional US$70 million, which is expected to further support its lending portfolio and offset the impact of fee cuts.

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…

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