Tue, 12 Dec 2017 10:34:34 +0000 By MAILESI BANDA THE Bank of Zambia (BoZ) is engaging the banking sector on the need to reduce the cost being charged on banking services to attract more people into being part of the banked, deputy governor – operations, Bwalya Ngandu has said. Dr. Ngandu said there is need for banks to understand that when they charge less on banking products they will attract volumes which will then translate into increased income. Speaking in an interview with the Daily Nation, Dr. Ngandu said the central bank had received numerous complaints on the costs attached to banking in Zambia, adding that this has become a source of concern. “We are having discussions with the banks concerning the pricing of various products because people are complaining that fees are too high and that is an issue on which we are engaging the banking sector to ensure that the cost of services […]
