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Email a copy of 'Standard Bank of Malawi cuts interest rates to 32%' to a friend
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The High Court in Zomba has postponed the sentencing of convicted businessman and chief cashgate defendant Oswald Lutepo until Monday...
why are you revising your forex rates upwards everyday have mercy on poor malawians standard bank dealers
kkkkk, Malawi, a home of loan sharks.
We have to appreciate the fact that the banks have to price in our high loan repayment default rate. This is another factor that makes borrowing more expensive in Malawi.
Thank you for the breathing space.
32% before commissions and bla bla it will reach 40% again. Am planning to invest outside my country though its painful coz u are playing us games
Pa Canada apa Reserve Bank’s rate is a mere 0.5% and the chartered bank’s is a mere 2%. Chalo ichi…
Not enough, bring it to 24%
32% is still too high considering that some countries are charging 5% or less
So 32% lending rate is low???? Kkkkkk this country is a joke with its banks
That is better and promising if aggresively proggresed. As of now Malawi remains prohibitive to invest, yet a shade of light is visible in the horizone if this development of slashing interest rate would continue.