Nedbank increases lending and home loan rates

Nedbank Namibia has increased its prime lending and home loan rates by 0,25 per cent as from Saturday.

Nedbank Namibia announced the increase less than than two weeks after the Bank of Namibia (BoN) announced an increase in the repo rate from 6,50 per cent to 6,75 per cent.

The repo rate refers to the rate at which the central bank lends money to commercial banks such as First National Bank (FNB) of Namibia, Standard Bank Namibia, Bank Windhoek and Nedbank Namibia in t ...

Source: Namibia News Agency