NDB struggles with loan repayments

Friday, September 29, 2017

The National Development Bank (NDB) says it continues to struggle to collect repayments of loans.

NDB chief executive officer, Lorato Morapedi told the media recently that for the year 2016/17 the actual collections were P115.8 million against a target of P210 million.

She said during the period, the bank disbursements were P122 million against a target of P210 million, noting that they have since slowed down on disbursements while focusing on the turnaround plan, which included reduction of non-performing loans.

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