Don’t attach debtors’ property, RBZ tells banks

HARARE – Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says banks must not attach defaulting debtors’ properties, but restructure bad debts instead. This comes on the back of a wave of property auctions and seizures by bailiffs, as banks — burdened by ballooning non-performing loans (NPLs) estimated at around $700 million — are increasingly…