Moroccan bank reduces interest rates for investment loans
Morocco, Business, 12/7/1999
The "Groupe Banques Populaires" announced a new reduction of interest rates on investment loans, effective this Dec. 15, for entreprises. The interest rates for medium-term loans were reduced to 7.5% before taxes and 8.5% for long-term taxes. The bank also announced that its 340 agencies will give within 15 days an answer to all investment projects.
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