South African Land Bank Sees Little Loan Stress Over Drought

  • State-owned lender says loan book grew ‘marginally’ in 2016
  • Bank sees farm income rising because of higher crop prices

Land and Agricultural Development Bank of South Africa sees little stress in its loan book despite the worst drought in memory damaging harvests, with the dry weather raising prices of crops in the continent’s biggest corn producer, its chief executive officer said.

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