Borrowing in private sector increases

Zanaco building.

REDUCED lending to Government by commercial banks and improved economic conditions have seen increased borrowing in private sector amounting to K750 million.
Zanaco head of economic research Patrick Chileshe said the increase is a significant improvement from the K580 million recorded in the first quarter.
During the Zanaco mid-year economic review on Tuesday, Dr Chileshe said participation in government securities reduced to K1.7 billion from K1.8 billion recorded in the previous quarter.
He said while general credit extension remains subdued, declining by about 0.6 percentage point, loans to the private sector have for the first time since the third quarter of last year risen

Send Your Letters

Facebook Feed