NMBZ margins under pressure

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.

NMBZ Holdings says it is facing sustained pressure on lending margins as borrowers push for cheaper loans, forcing pricing adjust­ments. This comes as the financier has secured more than US$185 million in credit lines and is finalising an additional US$70 million, which is expected to fur­ther support lending growth. NMBZ chief executive Gerald Gore told…

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