First Capital’s deposits grow 32 percent

First Capital Bank operates one of the biggest and oldest commercial banking networks in Zimbabwe

FIRST Capital’s customer deposits surged 32 percent year-on-year to ZiG5,4 billion on the back of robust cus­tomer acquisition, digital transformation initiatives and growing market confidence in its liquidity strength. This helped lift the gross loan portfolio by six percent to ZiG3,5 billion despite liquidity deployment constraints linked to statutory reserve requirements. Total income for the…

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