Standard Bank increases lendig rate
25 Aug 2014 18:10pm
WINDHOEK, 25 AUG (NAMPA) Standard Bank Namibia has announced an increase of 0.25 per cent in both its prime lending and home loan base rates.
In a media statement issued at the weekend, Standard Banks Manager of Corporate Communications Surihe Gaomas-Guchu said the prime lending rate has now gone up from 9.50 per cent to 9.75 per cent.
The latest increase is with effect from 22 August 2014, and is aligned to the repo rate increase of the Bank of Namibia, she noted.
She said the home loan base rate will increase from 10.50 per cent to 10.75 per cent. The vehicle and asset finance rates will continue to be lined to the prime lending rate and will be re-priced accordingly.