Bank Gaborone Loan Book Balloons

Monday, October 08, 2018

Bank Gaborone’s loan book has ballooned by 15% to P3.5 billion compared to the P3 billion that was recorded the prior year, despite the tight banking environment.

The bank attributed the growth to the individual loans, which went up by 8.9% to P304 million compared to P279 million recorded last year.

According to the bank’s financial results for the year ended June 30, 2018, commercial loans grew by 42.7% to P1.1 billion from P804 million and mortgage loans grew by four percent to P1.5 billion from P1 billion.

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