Low credit demand in mining sector cripples FNBB
Tuesday, September 05, 2017
According to FNBB’s financial results for the year ended June 30, 2017, the bank’s loan book amounted to P15 million during the period.
The bank’s chief executive officer, Steven Bogatsu said although credit demand from the mining sector has been low, at just 0.6% of total loans as at February 2017, the sector’s health feeds into the manufacturing, transport and trade sectors, which, combined, account for 16.6% of loans.
The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...