24
Apr
Staff Writer FNB Namibia has announced an interest rate reduction, following the Bank of Namibia’s repo rate cut last week of another 100 basis points. “The prime lending rate has been reduced to 8 percent, while the home loan rate will decrease from 10 percent to 9 percent, effective from 25 April 2020,” said Elzita Beukes, FNB Communications Manager. She said further changes have been made to the credit card rates which have been reduced to 12,80 percent for all the various credit card categories. Beukes added that the bank decided to meet those customers dependent on interest income by…