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Home » POSB’s lending portfolio doubles
Companies & Markets

POSB’s lending portfolio doubles

written by Almot Maqolo, Staff Writer 0 comments
As the bank accelerates its digitisation efforts, it has also heightened its focus and attention on cyber risk management.
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THE People’s Own Savings Bank (POSB) grew its lending portfolio by 107 percent to ZiG987,3 million during the year ended December 31, 2024 from ZiG476,1 million a year earlier, mainly supporting agriculture and property sectors.This comes as authorities have been advocating for local banks to revert to lending as their primary source of revenue as…

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