Finance Trust Bank drops Prime Lending Rate to 21% for new loans

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Finance Trust Bank (FTB) has become the 3rd commercial bank to reduce its Prime Lending Rate, revising it to a significant 21 percent from 22 percent per annum up effective 7th September 2020. According to FTB, this rate shall apply to new loans only. In a public notice, the bank noted; ‘’This is to inform you that effective 7th September 2020, our Prime Lending Rate will reduce to 21% p

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