Advertisement

Households bank deposits rise quicker than loans uptake

No Image

Households’ commercial banks deposits grew faster than the rate of loans uptake in 2015 indicating a rebalancing in the market.

Figures provided by the Bank of Botswana (BoB) show that there was a notable increase in the annual growth rate of household deposits from 9.2 percent in 2014 to 16.8 percent in 2015 which was a much faster growth compared to the 12.8 percent increase in credit to households.

“This signifies a rebalancing by the household sector, which bodes well for financial stability,” said the central bank in the 2016 Monetary Policy Statement (MPS).

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up