Thursday 25 February 2021
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zambiawatchdog - 3 days ago

Banks increase interest on existing loans

MORE BANKS INCREASE INTEREST ON LOANS Stanbic has increased the interest payable on existing loans held by its clients. This follows the Bank of Zambia’s decision to increase the monetary policy rate from 8:00% to 8:50 %. In a notice to customers, Stanbic excitedly exclaimed that customers who have loans have no choice but to [ ] The post Banks increase interest on existing loans appeared first on Zambian Watchdog.


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