News Column

BPC Committed to Reducing Interest Rates

July 24, 2014

The Angolan Savings and Credit Bank (BPC) has been working on the reduction of the interest rates, as long as there are conditions to do so.

This was said to Angop on Wednesday here by the CEO of the referred bank, PaixÃo JÚnior.

The banker said that this is the exercise that BPC has been doing so as to respond to some appeals and guidelines of the central bank.

According to him, some clients complain about the interest percentage in the Angolan market, considering them high.

Meanwhile, the PaixÃo JÚnior explained that these interest rates are still high as many time it is resorted to international financial market, with normal interest rates that requires commissions.

Regarding the interest rates, the CEO of BPC said that the figures vary between 14 and 12%, for transactions until three years, when before it was set at 18% or 19%.

The official said that this reduction is due to the gains recorded in the national economy with a more aggressive process of the national currency.

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Source: AllAfrica

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