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…

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