Households bank deposits rise quicker than loans uptake

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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).

Editor's Comment
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...

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