Bank lending rates creep up – AfDB

HARARE, September 23 (The Source) – Local banks have increased interest rates on individual borrowings between May and June this year, while lowering corporate rates after agreeing on a cap on fees and rates with the central bank early this year, the African Development Bank… Read More

POSB in H1 loss

HARARE, August 28, 2013 (The Source) – The People’s Own Savings Bank (POSB) has posted a loss of $131 000 for the half year ended 30 June 2013 down from a profit of $715 000 during the same period last year on the back of… Read More