Capital & Credit Merchant Bank Reduces Loan Rates
Capital & Credit Merchant Bank (CCMB) has announced the reduction of interest rates on retail and commercial loans. Effective, April 20, 2010, the Bank has reduced its base rates on loans by two percent, bringing the total reduction since January, to three percent.
According to CCMB’s General Manager, Mrs. Moya Leiba-Barnes, this reduction brings the Base rate on loans to 20.5 percent on the Commercial and Retail loans, including motor vehicle and Home Equity loans. She noted further that this move follows earlier initiatives to re-structure loans on an individual basis for customers who were experiencing difficulty servicing their debt due to the effects of the current economic recession. These measures, Mrs. Barnes notes, have enhanced the ability of these customers to effectively manage and service their loans.
Capital & Credit Merchant Bank, Mrs. Barnes, says is committed to the continuous review of its loan portfolio in the context of market conditions to the benefit of its customers and stakeholders.
Capital & Credit Merchant Bank is the flagship company of the Capital & Credit Financial Group, now in its 16th year of operation.
Back to top
