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NPLs decline
Victoria Mtomba ·
THE non-performing loans (NPLs) have been further reduced to 15% by the end of the first quarter of the year and the banking sector has submitted $383 million bad loans to Zimbabwe Asset Management Company (Zamco), an official has said.
Central bank governor John Mangudya told NewsDay Business that the total bank deposits as of the end of the first quarter stood at $5,2 billion.
“NPLs were 15% as at the end of March as some of the loans in the sector had been restructured.
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