Barclays exercises more caution in lending

Van der Merwe
Van der Merwe

With the persistence of a subdued economic environment characterised by declining credit growth and a low interest rate environment, Barclays Bank of Botswana has become more cautious in lending.

While borrowers have not cut down on loan demands, the bank says it has become more prudent, resulting in an overall marginal drop in customer loans and advances during the half-year ended June 30, 2017.

For the period under review, the bank’s loans and advances decreased by 0.32% to P9.96 billion from P9.99 billion in the corresponding period last year.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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