Windhoek, Aug 20-In response to the 0.25% reduction in the repo rate as announced by the Bank of Namibia on 19 August 2020, Bank Windhoek today announced reduction of its major lending rates:
- The Prime Lending rate will decrease by 0.25% from 7.75% to 7.50% per annum, effective Saturday, 22 August 2020
- The Mortgage Lending rate will decrease by 0.25% from 8.75% to 8.50% per annum, effective Saturday, 22 August 2020
“With the Prime rate having fallen by 2.75% since January 2020, the Bank of Namibia is trading off the need to stimulate the economy through growth in loans and advances while simultaneously ensuring savings and investments remain within Namibia,” said Claire Hobbs, Chief Treasurer at Bank Windhoek.
“Rates are at historic lows and this provides an ideal opportunity for first time home buyers to enter the market as property prices decline and loan repayments become more affordable,” Hobbs concluded.
For more information, contact our Treasury Department at Tel: +264 61 299 1641
NDN Reporter
28 comments
… [Trackback]
[…] Information to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More Information here on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More Information here to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More Information here to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Read More on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Read More on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] There you can find 37229 additional Information to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Read More on on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Information to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Read More Information here on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Read More Info here to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Read More on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Read More to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More Information here on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Here you can find 76172 more Information on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Information to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More to that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Read More on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Here you can find 87453 more Information on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More Info here on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
… [Trackback]
[…] Find More Information here on that Topic: namibiadailynews.info/bank-windhoek-announces-new-interest-rates-2/ […]
Comments are closed.