Banking access, credit appetite balloon - World Bank

Friday, September 17, 2010

The number of deposit and loan account holders in Botswana spiralled in 2009, with World Bank statistics pointing to the resilience of the country's nine commercial and three statutory banks in a year plagued by the recession.

According to the World Bank's Financial Access 2010 report released on Thursday, in 2009, nearly half of Botswana's adult population holds deposit accounts, while nearly a third have loans with various financial institutions.

Bank of Botswana statistics indicate that commercial banks held a total of P37.6 billion in deposits and P19.7 billion in outstanding loans by various sectors, notably households by December 2009.

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Banking access, credit appetite balloon - World Bank

The number of deposit and loan account holders in Botswana spiralled in 2009, with World Bank statistics pointing to the resilience of the country's nine commercial and three statutory banks in a year plagued by the recession.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply