Funding constraints choke IDBZ

The development bank said projects under imple­mentation were yet to generate repayments, prompting management to focus on converting its project pipeline into bankable transactions and expanding lending in the second half of the year.

EMPOWER Bank is betting on new customer acquisitions across the retail and SME banking segments to boost deposits and ultimately grow its balance sheet.The youth-focused micro-bank opened 5 633 accounts during the first half of the year and disbursed 122 loans.“We will focus on growing our customer base through acquisition of new customers as well…

Subscribe to read full article. Subscribe today

Related posts

Caledonia taps Zimbabwean and South African banks for funding

Ariston battles funding constraints

Pfuma REIT income climbs 48pct

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