Barclays exercises more caution in lending

Tuesday, September 26, 2017

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.

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Barclays exercises more caution in lending

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.