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Home » Z$ devaluation hits First Capital capitalisation
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Z$ devaluation hits First Capital capitalisation

written by Emmerson Njanjamangezi, Group Features Editor 0 comments
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FIRST Capital Bank (First Capital) suffered a US$30,4 million hit on its core capital books in the first half year as a result of the rapid devaluation of the domestic currency. In a statement accompanying the bank’s reviewed financial results for the half year ended June 30, 2022, First Capital board chairman Patrick Devenish said…

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