By BUUMBA CHIMBULUABOUT K630 million has been extended to customers by Absa Bank Zambia under the Covid-19 payment and relief packages between April and October, 2020.From the time of inception to 31 October 2020 when the Covid-19 payment relief package was closed off, Absa Bank Zambia PLC was able to extend about K630 million to over 370 customers.This is according to the Absa Bank Zambia Head of Marketing and Corporate Relations, Mato Shimabale.Mr Shimabale explained in a response to a press query that the customers included Personal and Business customers in sectors covering Aviation, Transport, Manufacturing, Tourism and Agriculture.“Absa Bank Zambia PLC also applied and received approval to extend targeted loans to eligible customers using the Bank of Zambia Targeted Medium Term Refinancing Facility.“The Bank continues to assess customer credit requirements to ensure that they receive support in the prescribed parameters,” he said.He said Absa Bank Zambia on April 14, this year was the first […]
ABSA OFFLOADS K630M RELIEF FUNDS
