First Capital engages major banks for credit lines

FIRST Capital Bank (FCB) is engaged in talks with the African Development Bank and Trade Development Bank for credit lines for on lending to sectors of the economy as the bank seeks to grow the interest income base.

Last year, FCB secured credit lines worth US$33,32 million.

In its financial year ended December 31, 2023, FCB secured a €12,5 million (US$13,32 million) credit line from the European Investment Bank of which 81% had been drawn by year end.

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