NSB slashes lending rates

National Savings Bank (NSB) has slashed its lending rates with immediate effect with objective of easing the financial burden of consumers caused by the price hikes in the market.

NSB with this price reduction anticipates to following the Government efforts to harmonise the situation, and bring the benefit of low lending rates to the end consumer.

With the view of granting the relief to blue collar workers in industries such as agricultural, fishery, domestic industries, garment, manufacturing and services. National Savings Bank has adopted this decision, specially reducing the lending rates of housing loans.

National Savings Bank, who affirmed 'AAA (lka)' National long-term rating, has been the only local bank which entitled for the status.