Zamco rakes in $159m on non-performing loans

Zamco rakes in $159m on non-performing loans
Published: 20 April 2018
Zimbabwe Asset Management Corporation says it has surpassed its target for its first year on Non-Performing Loans resolution with a total $159 million worth of NPL having been fully re-paid as at March 31 2018.

Zamco stopped NPL acquisitions in Q1 after entering its resolution phase, the last stage of its life cycle in April 2017.

Zamco CE Cosmas Kanhai said that Zamco expects that debt assets swaps will continue to play pivotal role in resolving and paying off non-performing loans.
- Zim Ind
Tags: Zamco,


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