Defaults on loan repayments on the rise � BoB
Thursday, September 21, 2017
![FNBB officially opened a new branch in Pilane this week](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2017/september/21/phpj9neBG.jpg&w=400&q=72&f=jpg&t=1)
FNBB officially opened a new branch in Pilane this week
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.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...