By BUUMBA CHIMBULU
The increase in the lending period and maximum loan amount by Standard Chartered Bank Zambia will help citizens borrow and invest in short to long term activities.
This is according to the Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) Secretary General Kasapo Kabende.
And Standard Chartered Bank Zambia has awarded its staff a 17 percent salary increment across the board for 2023.
On the increase in the lending period and maximum loan amount, Mr Kabende commended the bank and was confident that the move would help citizens borrow and invest in short to long term activities.
The Bank Zambia recently increased the lending period to 72 months from 60 months while the maximum loan amount was raised to K600, 000 from K450, 000.
Mr Kabende also commended the bank on the progress made in making it a digital bank as a way of responding to the needs of clients and the changing banking environment both local and global.
At the same event, Standard Chartered Bank Zambia Chief Executive Officer Sonny Zulu, said the bank was committed to ensure that the wellbeing of staff was taken care of.
Mr Zulu said the bank would continue to create a conducive working environment for staff as they were key to the strong results it has been posting.
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