How does the banking system work?

The banking system in Lesotho comprises of 3 commercial banks (Standard-Lesotho Bank, NEDBANK and First National Bank), the Central Bank and some financial institutions. Commercial banks provide credit to businesses at competitive rates. Government and development institutions such as LNDC have signed partial credit guarantee scheme with banks to facilitate ease of access to finance.

English

About LNDC

The Lesotho National Development Corporation (LNDC) is the main parastatal of the Government of Lesotho charged with the implementation of the country’s industrial development policies.

“The mandate of the Corporation is to initiate, promote and facilitate the development of manufacturing and processing industries, mining and commerce in a manner calculated to raise the level of income and employment in Lesotho.”  more...

Contact us

Lesotho National Development Corporation
Block A, Development House, Kingsway Street
Maseru, Lesotho, 100


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