We're Considering Reducing Rates, Says Finance Bank Managing Director.

(From The Post (Zambia) - AAGM)

Byline: Sheikh Chifuwe

FINANCE Bank is considering reducing the interest rates, the bank's managing director Anthony Grant has disclosed.

Officiating at the signing ceremony of an agreement for the rehabilitation of branches throughout the country, starting with Kamwala, Grant said the bank had already reduced interest rates from 45 to 43 per cent.

"There are a lot of factors but we are looking for an opportunity to reduce interest rates further," he said.

Grant said interest rates were determined by inflation, exchange rates, status of the statutory reserves and micro-economic fundamentals and …