DEVELOPMENT Bank of Zambia board chairperson Noel Nkoma says the bank is not giving special treatment to any loan defaulters, whether politically exposed or otherwise. DBZ has started a process of writing off “non-performance” loans amounting to K693.5 million which were issued to some politically exposed persons (PEPs). About K71,603,789 has since been written off, according to sources within the Ministry of Finance who fear that the execution of the debt cancellation was illegal as it did not have blessings from the Secretary to the Treasury. But in a statement, Nkoma said the process underway was meant to clean up the bank’s balance sheet and did not imply that defaulters would escape their loan obligations. “The Development Bank of Zambia…...

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