HARARE – Zimbabwe Asset Management Company (Zamco) – a government’s special purpose vehicle to house non-performing loans (NPLs) – is finalising modalities to clean up local banks’ balance sheets, a central bank official said. Kupukile Mlambo, Reserve Bank of Zimbabwe (RBZ) deputy governor, told delegates at the ongoing African Rural Agricultural Credit Association (Afraca), Regional…
Zamco finalises NPLs assessment
