FBC bets on lending, IT growth

The central bank, earlier this year, set a two percent ceiling on cash withdrawal fees and a 1,5 percent cap on point-of-sale charges.

Prisca Tshuma FBC Holdings (FBC) has invested nearly US$10 million in information technology (IT) and expanded lending to offset rev­enue lost after the Reserve Bank of Zimbabwe reduced bank charges. The central bank, earlier this year, set a two percent ceiling on cash withdrawal fees and a 1,5 percent cap on point-of-sale charges.Advertisements In addition,…

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