More Banks have announced downward revision of their lending rates, following a downward review of the policy and Lombard rates by Reserve Bank of Malawi (RBM).

The banks that have reviewed their lending rates are as follows; National Bank of Malawi, FDH Bank, NBS bank, CDH Investment Bank, First Capital Bank and New Finance Bank (NFB).

In accordance to the RBM’s Lombard rate and base lending rate, the banks have adjusted their lending rates to a minimum of 14.9% and a maximum of 26%.