NMB Bank says it is holding talks with five lenders for potential lines of credit amounting to US$53 million.
Last year, the bank accessed EUR12,5 million and US$10 million in lines of credit from the European Investment Bank and the Eastern and Southern Trade and Development Bank, respectively.
“We have been quite aggressive in mobilising lines of credit. So, with lines of credit, we are largely supporting export-oriented companies in the productive sectors of the economy.
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The strong performance was largely driven by increased transaction volumes, increased income-generating projects and a modest loan book growth.
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