FIRST Capital Bank (First Capital) says it is currently sitting on a cumulative US$48,5 million from various credit lines for on-lending to productive sectors of the domestic economy which it secured offshore.
The Victoria Falls Stock Exchange -listed bank has seen its loan book grow significantly due to demand for scarce capital in the market as local banks remain coy to lending due to a projected slowdown in economic growth this year on the back of a devastating drought.
Nevertheless, the bank said it remains positive about the growth prospects in the medium-term through diligently harnessing the opportunities whilst exercising robust risk and cost management.