Banks continue to tighten screws

Earlier this year, BoB released P 2. 3 bn into the market
Earlier this year, BoB released P 2. 3 bn into the market

While the Monetary Policy easing might have been a welcome development for consumers, commercial banks are finding it hard to exceed or reach their targets because of this.

This has compelled banks to think of more innovative ideas in order to stay afloat and most importantly shift focus.

Lending rates have drastically gone down in the past two years. Laws and regulations, coupled with the economic situation, have also not made the already suppressed margins better.

Editor's Comment
A step in the right direction

It has only been a month since the newly elected government, the Umbrella for Democratic Change (UDC), took power, and there are already a lot of changes. Across different ministries, ministers are hard at work. Following heavy rainfall and storms that hit Francistown recently, the Minister of State Presidency, Moeti Mohwasa, made a commitment that government will assist those affected by the heavy rains. Mohwasa, when addressing the media in...

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