{"id":36357,"date":"2017-11-24T20:21:36","date_gmt":"2017-11-24T20:21:36","guid":{"rendered":"https:\/\/new.igihe.com\/zigama-css-raises-interest-rates-on-savings\/"},"modified":"2017-11-29T11:33:35","modified_gmt":"2017-11-29T11:33:35","slug":"zigama-css-raises-interest-rates-on-savings","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/zigama-css-raises-interest-rates-on-savings\/","title":{"rendered":"Zigama CSS raises interest rates on savings"},"content":{"rendered":"<p>As approved by the general meeting held on Friday, compulsory savings has been increased from 7% to 8% whereas voluntary saving interest has been  raised from 6% to 7%.<\/p>\n<p>According to the management of the bank, new changes will take effect starting from next year.<\/p>\n<p>The Chairman of the Board, Dr. James Ndahiro said that it was necessary to meet members of the bank before the end of the year and assess current status and plans for next year. <\/p>\n<p>He said that they decided to increase interest rate on savings as a way to encourage members to embrace saving culture for it is through savings that the bank gets its financial strength.<\/p>\n<p>\u201cWe are happy with status of the bank but we aimed at sensitizing members to continue to save so that the bank provides good services. The more members save, the more the bank continues to provide with them good services\u201d he stressed. <\/p>\n<p> \u201cThat is why the meeting decided to revise interest rates as a way to recognize people who embraced saving culture\u201d he added.<\/p>\n<p>Ndahiro said that they expect to make a profit of Rwf8 billion this year up from Rwf6.86 billion last year.<\/p>\n<p>By September 30, 2017, Zigama CSS\u2019s total assets was Rwf228 billion from Rwf215 billion of December 2016.<\/p>\n<p>The capital and reserves was Rwf50.4 billion by September 30, 2017 from Rwf44.9 billion of December 2016.<\/p>\n<figure class=\"spip-document spip-document-22862 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/majors.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22861 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/nyamvumba-2.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22860 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/ndahiro.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22859 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/kabarebe-4.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22863 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/majorss.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22864 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/mm-4.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22865 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/mmm-5.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22866 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/mm1.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22867 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/mmm1.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22868 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/mn-6.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22870 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/nn-10.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22871 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/nnn-13.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22872 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/nnnn-4.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22873 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/nb-7.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22874 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/bb-11.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-22875 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/bbb-2.jpg\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The cooperative bank for Rwanda\u2019s security forces, Zigama Credit and Savings Society (ZCSS) has increased the members\u2019 interest rates as a way to mobilise members to embrace a saving culture. <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[72],"byline":[170],"hashtag":[],"class_list":["post-36357","post","type-post","status-publish","format-standard","hentry","category-news","tag-featured-news-home","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/36357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=36357"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/36357\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=36357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=36357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=36357"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=36357"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=36357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}