Nedbank credit demand on the rise again after hard lockdowns
02 December 2020 - 18:49
SA’s fourth-largest bank by assets says demand for credit has returned to pre-lockdown levels as consumers seek to take advantage of record low interest rates and pent-up demand flowing from the severe lockdowns imposed earlier in 2020.
Nedbank provided a trading update for the 10 months ending October that stated advances growth had increased 3% at its retail and business banking division from the 1% reported at the interim stage. ..
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