‘Banks’ COVID-19 modified loans hit K3bn’
Published On January 10, 2022 » 854 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA –
THE Bankers Association of Zambia (BAZ) has said the COVID-19 modified loans for the banking industry hit over K3 billion last year, thereby threatening the sector’s capital adequacy.
BAZ public relations officer Mirriam Zimba says the sector’s capital adequacy position between January and September 2021 remained under threat of the high stock of COVID-19 modified loans amounting to K3.01 billion.

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