Absa Bank Zambia PLC has announced that it extended about K630 million to over 370 customers during the three months COVID-19 loan payment relief package.
On 14 April 2020, Absa Bank Zambia PLC was the first financial institution in Zambia to announce that it was extending a comprehensive 3-months Retail, Business Banking and Corporate relief package to eligible customers who were impacted by the COVID-19 pandemic. These customers included Personal and Business customers in sectors covering Aviation, Transport, Manufacturing, Tourism and Agriculture.
In a statement Absa Bank Zambia PLC Head of Marketing and Corporate Relations Mato Shimabale said the bank also applied and received approval to extend targeted loans to eligible customers using the Bank of Zambia Targeted Medium Term Refinancing Facility.
Mr. Shimabale said the Bank continues to assess customer credit requirements to ensure that they receive support within prescribed parameters.