Defaults on loan repayments on the rise � BoB

Thursday, September 21, 2017

FNBB officially opened a new branch in Pilane this week

Bank of Botswana governor, Moses Pelaelo has raised concern over the worrisome trend of non-performing bank loans (NPLs) in the country’s banking system.

Speaking at the official opening of First National Bank of Botswana’s (FNBB) branch in Pilane this week, Pelaelo expressed his concern noting that the NPLs and advances have been on an upward trajectory since 2014.

Since December 2014, the industry’s NPLs rose from 3.6% to 3.9% in 2015 and 4.9% in December 2016. As at July 31, 2017, the NPLs had increased further to 5.9% of total bank loans.

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