According to a Bank of Botswana (BoB) financial statistics report for the month of May 2008, total deposits held by commercial banks increased by 1.39 billion from 31.6 billion in March due mainly to increases of P425.4 million (197.9 percent), P226.2 million (44.2 percent), P511.6 million (23.5 percent), P206.5 million (1.0 percent) and P89.6 million (21.3 percent) in deposits held by the central government, local government, parastatals, resident businesses and non-resident businesses respectively.
The deposits statistics, which were sitting at a mere P5 billion 10 years ago, show that holdings of deposits by the household sector fell by P66.3 million (1.0 percent). The share of resident business deposits and household deposits to total deposits fell from 68.5 percent and 21.0 percent in March to 66.2 percent and 19.9 percent in April respectively.
"By account type, Current, Call, Savings, 88-Day Notice and Fixed Over 12-months deposits rose by P382.8 million (7.4 percent), P1 004.8 million (8.0 percent), P27.1 million (1.3 percent), P17.3 million (15.0 percent) and P757.5 million (316.8 percent) respectively," says the BoB report.
