Wednesday, 23 November 2011

president sata urges banks to expand to rural areas

president michael sata has urged the banking sector to expand their investments and services to rural areas.
according to statement made available today to radio phoenix by his special assistant for press and public relations george chellah, president sata says government  will only support banks that invest and service the rural parts of the country.
the president has stressed that lusaka is not zambia adding that the people in rural areas equally deserve reliable banking services.
president sata has also assured credit suisse, who are shareholders in finance bank zambia limited that government will give them the necessary confidence and support.
he explains that what happened between credit suisse and the previous government is now history stating that the bank of zambia has been like a ‘jumping castle’ for a long time.
the president says this has to change because the reserve bank must command the confidence of all market players without yielding to political pressure

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