NMBZ confident of future property yields

To support lending growth, NMBZ has secured more than US$185 million in credit lines and is finalising an additional US$70 million facility expected to strengthen its funding pipeline further.

NMBZ Holdings (NMBZ) says its property unit (NMBZ Properties) is making headway with several projects poised for future profitability, despite currently contributing modestly to group total income.The group diversified its operations into the property market by establishing a fully-fledged property division, which is part of the banking unit.In an interview with The Financial Gazette, NMBZ…

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