Zimbabwe: IDBZ Sets Target On Bad Loans Collection
(WorldNews Africa)

[The Herald] THE Infrastructure Development Bank of Zimbabwe is targeting to collect at least 80 percent of its bad loans by year-end, finance director Cassius Gambinga has said. Mr Gambinga said the bank was targeting to reduce non-performing loans to $1 million from $8 million in December 2015. As at December 31, 2014, the NPLs stood at about $20,4 million.`The expectation is that by end of the year we would have collected $8 million out of the $9 million (of the) outstanding loans,` Mr Gambinga told a media and anal ......