Credit Appetite On The Rise

Thus far this year, annualised credit growth peaked at 18 percent in April, with loans and advances outstanding pegged at P21.2 billion.  The rate slowed to 15.2 percent in May and climbed to 17 percent in June, the third highest level it has reached this year.

According to Bank of Botswana statistics released last week, total outstanding commercial bank loans and advances for June amount to P20.9 billion, the second highest figure for the year after April's peak.