Atlas Mara's Botswana-based ABC Holdings bank posts 2014 loss

March 31, 2015 3:21 PM

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GABORONE, March 31 (Reuters) - Botswana's unlisted ABC Holdings, a unit of Africa-focused lender Atlas Mara's, recorded a loss of 438 million pula ($44 million) in 2014 after impairments nearly doubled.

Bad debt charges rose 98 percent to 650 million pula following an effort to clean up the lender's balance sheet, acting Chief Executive Blessing Mudavanhu told reporters.

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