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South Africa's Postbank seeks to offer credit

South Africa's Postbank seeks to offer credit

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South-African WSBI member applies for licence to grant credit

   

BRUSSELS, 18 August 2014 – South-African WSBI Member Postbank has applied with the South African Reserve Bank for a licence to grant credit. 

If approved, this would mean that Postbank could use its extensive branch network to give poor and rural communities access to credit in addition to the payment and savings services the company is already offering.

>> See a related news story that appears in South African news site IOL

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Credits; Communication - institutional & commercial; Regulation; Supervision