Bloomberg CRDB Bank Plc, the largest bank in Tanzania, expects to reduce its non-performing loan ratio to meet a central bank threshold as it shifts its focus to the retail business, Managing Director Charles Kimei said. The lender’s ratio of non-performing loans will fall to 6 percent this year from 8.1 percent a year earlier, when tobacco marketing groups ...

  Bloomberg Brazil’s finance minister nominated Itau Unibanco Holding SA’s chief economist Ilan Goldfajn to head Brazil’s central bank and proposed a constitutional amendment to grant the top monetary authority operational autonomy. Finance Minister Henrique Meirelles also said that Goldfajn, who must still be confirmed by the Senate, would not form part of Acting President Michel Temer’s cabinet and that ...

  Bloomberg Bank Pekao SA slumped to a two week low after 50.3-percent owner UniCredit SpA was said to be considering selling a stake in Poland’s second-largest lender among other measures to boost capital. The shares in Pekao fell as much as 3 percent and traded 2.1 percent lower at 148.4 zloty in Warsaw, making the bank the second-biggest loser ...