SA credit unions saw commercial lending grow in 2018 – There hasn’t been much slowdown in demand for business loans amid rising interest rates either, he said. Security Service grew its net income significantly in the past year, about 75 percent from 2017.
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Kenyan Court Annuls Law on Interest-Rate Cap for Lenders – A Kenyan court annulled a contentious banking law that caps what lenders can charge consumers for loans at 4 percentage points above. The ruling is unlikely to affect the March 27 interest-rate.
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Assets, business loans rising faster than national average at Florida credit unions – almost double the national average of $267.8 million and up from $468.1 million in 2017. Member business loans surged by 16.6 percent, exceeding the national average of 12 percent, while the state’s.
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Kenyan Court Annuls Law on Interest-Rate Cap for Lenders – Business Daily Africa reported at the time. The suspension “provides a sufficient amount of time to ensure that checks and balances are put in place, as part of any transition to the lifting of the.