Published: 07 February 2014

The Board of Directors of NMBZ Holdings Limited said it would like to inform its shareholders and investors that it has reviewed its banking subsidiary's loan book and has increased its impairment losses on loans and advances.

"This will have material repercussions on the year end results to 31 December 2013, resulting in the Group recording an attributable loss for this period.

"Despite the impact of the impairment losses, the capital position, capital adequacy and liquidity ratios of the bank remain above the regulatory minimums," said a statement from the Group.

Shareholders are advised to exercise caution when dealing with the shares of the company.
- businessdaily

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