Tag: 2016 election
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HFC targets high deposits despite election blues
Some commercial banks have told Citi Business News they are highly optimistic of increased deposits towards the end of year despite the upcoming general elections. Though the banks admit of a general decline in economic activities, they are confident that will least affect their targets for 2016. “Of course elections will be with us always…
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Biz of Elections: Demand for outdoor campaigns rises (Audio)
A prominent feature in the election season is the massive outdoor campaigns by the various political parties. This is because outdoor campaigns are inevitable for any well meaning political party seeking power. In a bid to get their messages across, the political parties also spend huge monies on such activities. As part of Citi Business…
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Bankers debunk claims of possible deposit slowdown
Some banks have debunked claims of a possible slowdown in deposits from customers due to the upcoming general elections. According to them, although they are threatened by the upcoming elections as businesses in the industry may slow down, they are hopeful of a good 4th quarter. “We don’t expect deposits to slow down; the level…