Household indebtedness saturates banks

Presenting an industry overview at a credit conference held last week in Gaborone, Econsult economist Bogolo Kenewendo said there is rapid growth in lending from banks and steady increase in loan deposit ratio with small banks having increasingly larger market share than the big four banks.

“Personal loans are dominating the credit industry. Household credit mortgage has also been rising over the years jumping by 40 percent in 2013 while motor vehicles reduced due to new purchasing structure”, she said.