NDB Expects To Cut Loses By 50%

Despite tight liquidity,  NDB remains self-sustainable and continues borrowing from the capital market which is still under a constrained interest rates environment.

Updating the media on their current business environment recently   the CEO of NDB Lorato Morapedi said  that an interest constrained environment and high cost of funding immensely affects the Bank’s profitability. The CEO further reflected that despite all these challenges, the Bank intends to break through the ceiling and shrink the Bank’s 2013/14 comprehensive loss by at least 50 percent during the year 2014/15 to ensure that the NDB tracks back to profitability.