Barclays exercises more caution in lending
Tuesday, September 26, 2017
Van der Merwe
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.
That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...