NBS targets home loans growth

Speaking at the mortgage lender’s 10th anniversary celebrations, Reserve Bank of Zimbabwe (RBZ) director of Banking Supervision Philip Madamombe said address­ing the country’s housing challenges required cooperation between the public and private sectors.

THE National Building Society (NBS) says it wants to grow its share of the mortgage market through increased financing towards purchase of stands, building and home improvement to meet high demand.Zimbabwe’s mortgage market is characterised by a dominance of cash buyers, with only a small percentage of transactions being mortgage-based, largely due to high interest…

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