LENDING rates for the long term loans exceeding five years increased by 3.25 per cent to 14.24 per cent in the year ending December last year, the situation attributed deteriorating credit to the private sector.
Similarly, lending rates for long term loans of between three to five years increased to 16.73 per cent in the period under review compared to 14.33 per cent recorded in the year earlier. The overall lending rate eased to 15.53 per cent from 16.45 per cent in October last year.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article