— NATSAVE ploughs back K6000 profits in Kalabo District

NATSAVE ploughs back K6000 profits in Kalabo District

                                                         

Kalabo, October 20, 2014, ZANIS  —-  Government has expressed concern with commercial banks’ reluctance to operate in rural areas due to operational costs.

 

Acting Kalabo District Commissioner Inambao Mwiya says that there were challenges in rural areas that banks faced due to poor road networks.

 

He  added that this would delay in accessing the services which customers may not understand.

 

 

The acting District Commissioner said this on Saturday when he officiated at a football tournament organized and sponsored by NATSAVE at Sunset grounds in Kalabo.

 

 

Mr Mwiya, who is also District Administrative Officer,  noted observed that National savings and Credit Bank (NATSAVE) unlike other banks has continued to expand to rural areas like Kalabo to foster financial inclusion.

 

 

He commended NATSAVE for its continued support of football at both grass root and national level.

 

 

He further observed that once a bank was fully utilized, resources would circulate locally and increase employment levels.

 

 

Speaking at the same occasion Mongu Bank manager Gilead Musinga implored other business houses to come on board and sponsor local teams especially that they involved the youths adding that there was so much untapped talent  in rural areas.

 

 

And NATSAVE Kalabo Branch manager Laban Sinkala explained that the bank pumped in K6000 to sponsor local football team in Kalabo district as part of its Corporate Social Responsibility (CSR and talent identification.