Demand for loans surges | The Times Group

Demand for loans surges | The Times Group:



Demand for loans surges

Posted By: Taonga Sabola on: February 02, 2018 In: Business No Comments

The latest bank lending survey released by the Reserve Bank of Malawi (RBM) has shown that

demand for loans continues to surge, propelled by increased borrowing by large enterprises.

According to a survey conducted between April and September 2017, the majority of banks

reported an increase in loans demanded by large enterprises whilst demand for loans by

household and small and Small and Medium Enterprise (SMEs) largely remained unchanged over

the survey period.

Most banks, according to the survey findings, revealed that inventories and working capital were

the major contributing factors for the increase in demand for loans by large enterprises.

Results of the survey have revealed that most banks reported that both new and existing

customers continued to contribute to the increase in demand for loans.





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