Defaults on loan repayments on the rise � BoB

FNBB officially opened a new branch in Pilane this week
FNBB officially opened a new branch in Pilane this week

Bank of Botswana governor, Moses Pelaelo has raised concern over the worrisome trend of non-performing bank loans (NPLs) in the country’s banking system.

Speaking at the official opening of First National Bank of Botswana’s (FNBB) branch in Pilane this week, Pelaelo expressed his concern noting that the NPLs and advances have been on an upward trajectory since 2014.

Since December 2014, the industry’s NPLs rose from 3.6% to 3.9% in 2015 and 4.9% in December 2016. As at July 31, 2017, the NPLs had increased further to 5.9% of total bank loans. 

Editor's Comment
Has life become worthless?

As many wondered what wrong the young boy could have done to end up killed, it emerged that his own cousin was a suspect in the murder after he claimed P50,000 from Botswana Life. Thato Tsametse, who was last week sentenced to death for the murder of his cousin, had reportedly taken out two Mmoloki Funeral Covers valued at P25,000 each.Over the years, the media has been covering the murder case, and some revelation has come up that certain...

Have a Story? Send Us a tip
arrow up