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When the hunted becomes the hunter

Cash walk: The Bank of Botswana has moved to ease the liquidity crunch
Cash walk: The Bank of Botswana has moved to ease the liquidity crunch

The recent volte-face in banks’ levels of liquidity has reversed the status quo in the industry, with commercial banks now chasing after the once ineffectual depositor.

With the industry facing shortages of loanable funds due to a prolonged period of over-extended lending without commensurate growth in deposits, banks have embarked on a deposit rummage offering unusually high returns for savers.

Sitting on over P10 billion in excess liquidity just two years ago, banks did not need to make any effort to attract deposits and offered menial interest rates to those that held any extra cash for savings.

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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...

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