Half of population is unbanked - survey

Friday, August 07, 2009

Despite the mushrooming of banks in recent years, nearly half of Botswana's adult population remains unbanked and there has been little progress since 2004, according to a FinScope Botswana 2009 survey.

The survey shows that 48 percent of the adult population remains unbanked. Only 41 percent of the population currently uses banking services, the survey has shown.

A more serious wake-up call for banks is that the survey found that a further 11 percent that used banking services in the past are no longer doing so.

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