WIRE — THE Bank of Zambia has raised alarm over rising loan defaults by public workers, saying payroll-based lending practices are creating "growing risks" to financial stability. In a notice issued seen by Mwebantu, the central bank said non-performing loans tied to civil servants have hit elevated levels. It blamed practices that "deliberately or calculatedly circumvent" prescribed The post Bank of Zambia Warns on Public Workers Loan Defaults, Orders Stricter Lending Rules first appeared on Mwebantu.
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