Agribank Namibia Adds 1300 Farmers To Loan Book The agricultural bank of namibia (agribank) has added 1300 farmers to loan book. fillemon nangonya, agribank’s public relations officer issued a statement and said the bank disbursed loans totaling n$217 million, benefiting the farmers. The agricultural bank of namibia (agribank) disbursed loans totalling n$217 million, benefiting a total number of 1 301 farmers between april 2020 and march 2021.
Agribank Adds 1 300 Farmers To Loan Book The Namibian The agricultural bank of namibia (agribank) disbursed loans totalling n$217 million, benefiting a total number of 1 301 farmers between april 2020 and march 2021. this was said by fillemon nangonya, agribank's public relations officer in a statement issued yesterday. The agricultural bank of namibia (agribank) disbursed loans totalling n$217 million, benefiting a total number of 1 301 farmers between april 2020 and march 2021. The programme, launched last year september, is aimed at assisting clients who have fallen behind on their loan repayments, while strengthening the bank’s loan recovery efforts through an incentivised and supportive approach. During the period under review, agribank’s total loan book increased by 2%, while interest income increased by 1.2%. this, the bank said, was owed to prudent financial management coupled with an increase in the bank’s money market investments.
Agribank Urges Farmers To Take Loans Namibia The programme, launched last year september, is aimed at assisting clients who have fallen behind on their loan repayments, while strengthening the bank’s loan recovery efforts through an incentivised and supportive approach. During the period under review, agribank’s total loan book increased by 2%, while interest income increased by 1.2%. this, the bank said, was owed to prudent financial management coupled with an increase in the bank’s money market investments. The programme is open to all agribank clients whose accounts are in pre legal or legal status. participating clients will benefit from a 100% write off of penalty interest, subject to conditions. Namibia’s agricultural lender, agribank, has in its annual report for the 2020 21 financial year announced the disbursement of loans to the value of n$217 million from which 1,301 customers benefited during the covid 19 pandemic. During the period under review, agribank’s total loan book increased by 2%, while interest income increased by 1.2%, attributed to prudent financial management, coupled with an increase in the bank’s money market investments. The agricultural bank of namibia (agribank) disbursed loans totalling n$217 million, benefiting a total number of 1 301 farmers between april 2020 and march 2021.
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