Cde Monomotapa wrote:Nyakerigab wrote:okay people, lets not loss our heads over nbk give the guys a chance. The base lending rate for co-op is @17.5% too, stanchart n bbk r on their highs at 18.5%. Love the rebranding color schemes but that's far as it goes
Vane...
> CFC has announced reduction of its base rate to 16%. I think i heard the same on Stanchart
> Havent heard of coop base rate reduction following the latest Central Bank Rate cut. I expect them to announce a base rate cut to 16-16.5%.
> Other banks will be announcing their rate reduction soon. Watch them announce lower rates than that of NBK.
> The high NBK rate will certainly make it hard for NBK to compete for the much needed SME and Corporate loans
.... @Banker is welcomed to give us an update on banks base rates and NBK position in all this