BoB keeps hawk-eye on household debts

No Image

With household indebtedness feared to be spiraling out of control, the Bank of Botswana (BoB) is keeping a close watch on the trends.

Statistics show that as at May this year, households owed P23.4 billion to commercial banks, rep- resenting 56.3 percent of the total credit.

In a review of the 2014 Monetary Policy Statement released this week, the central bank said the level of household debts is relatively high although default rates are still within satisfactory levels.

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...

Have a Story? Send Us a tip
arrow up