NDB within its mandate-deputy CEO

Friday, January 18, 2008

The deputy CEO of the National Development Bank (NDB) says the offering of school fees and home loans is still within its mandate as prescribed by the law establishing it.

Tshekiso Monyatsi was responding to queries in the public arena after the bank broke new ground by launching loans covering school fees and the purchasing of property.

In an interview with Business Week, Monyatsi said the development finance institution followed the right procedures before launching the new loan facilities.

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