NMB Bank Zimbabwe Limited (NMB) seized properties worth ZWL11,5 billion in 2023 as part of efforts to recover loans from defaulting clients.
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The group closed the year 2023 with a loan book amounting to ZWL494,5 billion, with a major emphasis on recovering non-performing loans.
Agriculture, which represents 31 percent of group loans, has been one of the major industries facing difficulties with debt repayment.
Other sectors with substantial loan exposure included distribution at 13 percent, individuals at 17 percent, and services 16 p
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