FINANCIAL SERVICES

Zamco acquires $1,1billion NPLs

The Zimbabwe Asset Management Company (Zamco), a special purpose vehicle created by the Reserve Bank of Zimbabwe (RBZ) to rid the banking sector of non-performing loans (NPLs), has so far acquired $1,...

By Staff reporter | Published: 27 July 2018
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FINANCIAL SERVICES

DPCZ lists companies with NPLs

THE Directors Protection Council of Zimbabwe (DPCZ) has completed the process of compiling the list of companies with Non-Performing Loans (NPLs) for absorption by the Zimbabwe Asset Management Compan...

By Staff reporter | Published: 24 June 2018
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FINANCIAL SERVICES

Agribank NPLs decline

NON performing loans (NPLs) at agricultural lender, Agribank, declined to 13,8 percent during the year ended December 31, 2017, after ending at 21,1 percent during the prior comparable period in 2016,...

By Staff reporter | Published: 04 April 2018
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FINANCIAL SERVICES

NPLs drop to 8.63%

Non-performing loans (NPLs) dropped to 8,63 percent this year from 20,5 percent in 2015, raising expectation the financial services sector is becoming more stable. Although the NPLs have declined to s...

By Staff reporter | Published: 11 December 2017
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FINANCIAL SERVICES

Zamco finalises NPLs assessment

Zimbabwe Asset Management Company (Zamco) - a government's special purpose vehicle to house non-performing loans (NPLs) - is finalising modalities to clean up local banks' balance sheets, a central ba...

By Staff reporter | Published: 22 June 2015
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