POSB’s lending portfolio doubles

As the bank accelerates its digitisation efforts, it has also heightened its focus and attention on cyber risk management.

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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