This is a 10-year Line of Credit facility to Central Africa Building Society. The funds will be used for on-lending by the building society’s mortgage seekers. The objective of the facility is to complement the building society’s long term resources which are appropriate for the development of a mortgage product. CABS is the largest building society in Zimbabwe and plays a critical role in the housing delivery process. The proposed line of credit will provide the long term funding both required by the Building Society Ltd. for the promotion of its mortgage operations. CABS is the largest of the four mortgage companies registered in the Zimbabwe, and is one of the top 5 financial institutions in the country. country. CABS is a well-structured, solid financial institution with a strong and justified an excellent brand in the Zimbabwean mortgage market. It is well supported by its shareholders, with a large market share and having sound operating principles.
Voir le Profil du PaysThe line of credit granted to the CBZ Bank is intended to support the realization of of a social hou...