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Zim bad loans weigh down ABCH

HARARE – ABC Holdings (ABCH) says its Zimbabwean BancABC unit constituted 42 percent — BWP64 million or $6,9 million — of the banking group’s BWP152 million loan impairment charges in the half year to June 2014. The other 58 percent was shared almost equally among its BancABC subsidiaries in Botswana, Mozambique and Zambia. This comes…

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