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.

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. 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 over…

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