Home » NMBZ leans on lending as fees shrink

NMBZ leans on lending as fees shrink

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NMBZ Holdings is ex­panding its lending port­folio to strengthen inter­est income as regulatory fee cuts introduced by the Reserve Bank of Zimbabwe (RBZ) threaten revenue from traditional banking charges. The RBZ, in a bid to encour­age formal banking, recently lowered bank charges by capping cash withdrawal fees at two per­cent from an industry average of…

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