NMB end year in strong position

Dually listed banking group, NMB Holdings posted a strong performance in the second half of 2010 to reverse the losses recorded in the first six months of the year.

The company recorded an after tax profit of $2,6 million in the second half of the year. In the first half of the year the company made provisions for retrenchments, fair value investment adjustments and impairment loss on land and buildings.

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