Almot Maqolo, Staff Writer 
10
NMB Bank (NMB) says discussions are at various stages with five partners for potential additional lines of credit of US$53 million, for exporting clients through ring-fenced arrangements.
Advertisements
The financial institution is already one of the largest financiers of blueberries, which are primarily sold on the international market.
NMB’s chief finance officer, Margret Chipunza, told The Finance Gazette last week that US dollar loans currently dominate the bank’s balance sheet.
Loans and advances were up 40 percent to $46,28 billion in 2022 from $32,94 billion in 2021.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased
