Stock Brokers Happy With Banks

The Stock Brokers Zambia Limited has observed that financial institutions listed on the Lusaka Stock exchange are performing very well and contributing to national development at a large scale.

Stock Brokers Limited Managing Director Charles Mate has told onlinenews.com that the findings by the stock brokers have shown that banks listed on the stock exchange are growing due to increased share holding.

Mr. Mate also says that due to increased share holding, banks are able to lend money to corporate bodies and individuals for economic development.

He however says it is important to understand the performance of all financial institutions in order to appreciate how interest rates are arrived at.

Posted by Admin on July 16, 2012. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.