NMBZ cuts bad loan ratio

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 NMBZ Holdings says strict credit management systems helped reduce non-performing loans to 3,14 percent de­spite growing pressure on retail borrowers, with agricul­ture remaining the bank’s largest lending sector.Advertisements The non-performing loan (NPL) ratio is a key mea­sure of banking sector health, reflecting the proportion of loans where borrowers have failed to meet repayment obligations…

Subscribe to read full article. Subscribe today

Related posts

VFEX eyes four new listings

Stanbic injects US$227 million into mining

Seed Co expects sharp earnings growth

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