Credit surges as banks loosen lending
Thursday, April 12, 2012
According to Bank of Botswana data published this week, credit growth in 2011 reached 26.4 percent with total credit outstanding as at December 2011 pegged at P27.96 billion from P22.12 billion in December 2010.
Of the P27.96 billion owed to commercial banks as at December 2011, loans to individuals accounted for 54.6 percent or P15.3 billion, underlining the continuing dominance of retail activities in the domestic banking sector.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...