Zimbabwe: Non-Performing Loans May Spike

The rate of non-performing loans within banks reporting financial results consistently could increase to 20 percent by year-end from 10,8 percent, but banks may not suffer any capital losses, an equities report says.

IH Securities, in its latest report titled "Banking Sector Note: Facing Reality" noted that the sector was de-risking in the wake of a mutation already underway, which should make the sector less risky in the medium term.

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