Zimbabwe: CABS Lending Up 485 Percent

ZIMBABWE'S largest mortgage lender by assets, Central African Building Society (CABS) says its mortgage lending increased by 485% to US$124,6 million for the year ending June 30 2010 from US$21,3 million.

The mortgages issued were mainly limited to low-cost housing developments, which CABS hopes to maintain until the institution's loan book expands.

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