Pay back what you owe, says BoZ

BOZ building.

BANK of Zambia (BoZ) has urged borrowers to pay back the money since the high levels of non-performing loans (NPLs) is posing a threat to stability of the financial system.
And BoZ deputy governor for operations Bwalya Ng’andu has challenged some big banks in the country to lead the way in reducing lending rates following continued interventions that have lowered the cost of credit.
Officially opening three Barclays Bank branches at Garden City, Levy and Centro shopping malls in Lusaka on Tuesday evening, Dr Ng’andu said that there must be reciprocal arrangements between banks and

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