Bank deposits rise

Total bank deposits held by commercial banks rose by P582 million in June this year to P52.3 billion from P51.7 billion in the previous month.

According to figures released by the Bank of Botswana (BoB) this week, deposits of non-resident businesses, households and local government increased by 88.1 percent, 9.6 percent and 26.8 percent respectively. In contrast, deposits for resident businesses and central government decreased by P833 million and P55 million respectively.

In June, businesses accounted for 75 percent of bank deposits compared to 22 percent for households. While households hold a smaller portion of banks’ deposits, they continue to dominate the uptake of credit. As at June, households held 56.8 percent of commercial banks credit. 

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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