�Over P19bn in banks to lend out�

Pelaelo
Pelaelo

Bank of Botswana (BoB) governor, Moses Pelaelo has played down reports of a looming liquidity crunch saying local commercial banks have about P19 billion available to lend out to customers.

Officially opening a Bank Gaborone branch in Maun yesterday, Pelaelo said the status and health of the banking system is sound.

“I can report that banks have sufficient liquidity, totalling approximately P19 billion, inclusive of Bank of Botswana Certificates and balances held abroad, both of which could be liquidated in case of need, with minimal capital loss, to finance any effective and viable demand for credit.  However, it should be noted that the distribution of liquidity amongst banks will vary from time to time,” he said.

Editor's Comment
Bulela Ditswe entry fee could hamper broke talent

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...

Have a Story? Send Us a tip
arrow up