U.S.$ Denominated Loans to Zimbabwe Hit 94%

The Reserve Bank of Zimbabwe Mid-Term Monetary Policy Statement review has established that US$-US$-denominated loans extended by the local banking sector constituted 94% on the back of an eight-fold increase of total loan advances. <br />The MPS commended the role being played by the banking sector in the development of the economy through financial support extended to private companies. <br />The total loans to total deposit ratio for the banking sector remained relatively stable at 55% as of 30 June 2023 from 55.67% at the end of 2022. <br />Loans extended to the productive sectors constituted 77.6%, Consumptive Loans 12%, and Other 10,2% of total loans as of 30 June 2023.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>