Agribank loans under-secured by N.dollars 341.3 million
Contributed by NAMPA.
WINDHOEK, 08 NOV (NAMPA) - The Agricultural Bank of Namibia (Agribank)ís loans are under-secured by N.dollars 341.3 million, a situation that exposes it to risks of financial losses, a report from the Auditor-General, Junias Kandjeke has revealed.
The information is captured in the bankís 2017/18 audit report issued by Kandjeke and submitted to the National Assembly by Finance Minister, Calle Schlettwein on Wednesday.
ďAs at 31 March 2018, the bankís loans were under-secured by N.dollars 341 276 ...