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POSB seeks land for mortgage business
Tatira Zwinoira ·
POSB has engaged local councils and the Local Government ministry to secure land, as it rolls out its mortgage financing business.
The bank has set aside $10 million towards the project after obtaining a licence from the central bank in August to venture into mortgage financing.
In e-mailed responses to NewsDay, POSB chief executive officer, Admore Kandlela said the bank has identified an urgent need for housing development.
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