Zimbabwe: Agribank to Cut Non-Performing Loans to Below 10 Percent

[The Herald] AGRIBANK is looking to whittle down the level of its non-performing loans to below 10 percent of the loan book by December this year, managing director Sam Malaba has said. A total of $17 million NPLs have already been offloaded to the Reserve Bank's, Zimbabwe Asset Management Company, and another huge chunk could go the same way."We are looking at further reducing non-performing loans from 17 percent to below 10 percent by December," Mr Malaba said during the presentation of the bank's financial results f ......