Defaults on loan repayments on the rise � BoB

Thursday, September 21, 2017

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

The Projects Magazine today launched The Future of Mining Summit, set to become the country’s premier mining conference. The event is scheduled for 12th and 13th of June 2024, at Boipuso Hall, Fairgrounds in Gaborone.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

Staff Writer | 6 h ago

MISA Botswana celebrates World Press Freedom day

Staff Writer | 6 h ago

Unlawful wounding turns to murder

Sharon Mathala | 7 h ago

Mahalapye suspected copper cable thief nabbed

Pini Bothoko | 7 h ago

TAFIC targets top four finish

Larona Makhaiza | 11 h ago

Selefu

11 h ago

Selefu

11 h ago

Repatriation underway for seven SA Pilgrims

Boikanyo Mathonsi | 1d ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Defaults on loan repayments on the rise � BoB

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.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply