Banks credit growth dips to decade low

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Despite interest rates reaching a three-decade low in 2015, banks credit growth slumped to a 10-year low as tight liquidity coupled with poor credit worthiness of customers slowed advances.

According to data availed by the Bank of Botswana (BoB), annual credit growth fell by nearly half from 14 percent in October 2014 to eight percent in October 2015, with decline almost entirely concentrated on corporate borrowing.

Credit growth rate was last below eight percent ten years ago when it reached 7.2 percent in December 2005.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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