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Nedbank Launches New Products

Filed Under: News - Published on June 30, 2009

Before Nedbank goes public with its new brand campaign, it is strategically launching a platform of new and unique product offerings, to differentiate the financial institution, including two new Affinity programmes.

Boniswa Pezisa, Net#work BBDO’s Deputy MD says: “Over the years Nedbank has championed affinity marketing, which has enabled its clients to contribute towards sports, arts and culture and the conservation of endangered wildlife.

Home Loan Sector Is Showing Early Warning Signals

Filed Under: News - Published on June 30, 2009

The number of people who cannot afford their monthly bond repayment is increasing in South Africa and causes concern in the industry.

The US home loan market experienced a crisis after 22 lenders in the US sub prime market has been declared bankrupt in the past two months. Household debt had risen sharply in the past few years but fortunately in South Africa; banks are more conservative than those in the US. Banks are not locked into a rate at which the loans become unprofitable.

FNB cuts prime lending rate to 10.5%

Filed Under: News - Published on April 14, 2005

14 April 2005

First National Bank (FNB) today announced the reduction of its prime lending rate by 0.5% from 11.0% to 10.5%. The new rate will take effect on Monday 18 April 2005 on all prime rate linked products.

Interest rates for new and existing FNB HomeLoans will also be reduced by 0.5% on Monday 18 April.