NMB spearheads agric credit insurance product

NMBZ has se­cured more than US$185 million in credit lines and is finalising an additional US$70 million, which is expected to further support its lending portfolio and offset the impact of fee cuts.

Advertisements NMB Bank (NMB) says it is in discussions with local insurance firms to develop a credit insurance guarantee aimed at improving farmers’ access to finance.Advertisements The move follows persistent collateral challenges, which continue to hinder lending to farmers. NMB Bank divisional executive Erasmus Bhunu confirmed that the bank is working with three insurers to…

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