RETAIL LOAN ISSUANCE DROPS

RETAIL LOAN ISSUANCE DROPS

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Players in the Banking Industry have warned that the 2nd quarter of the 2016/17 Financial Year could see more decline registered in retail loan issuance, despite the huge demand by businesses.

According to Head of Business Management at Commercial Bank of Africa, Don Twine, the loan defaulting rate has more than doubled in the last year, as business owners struggle to make profits. We have Report.

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