The banking sector is sound and profitable - Mohohlo

The governor added that the recent economic and market developments have had no adverse impact on levels of capital in the banking industry, with the aggregate Capital Adequacy Ratio at 19 percent as at January 2015, and above the prudential limit of 15 percent.

Issuance of loans by local commercial banks  has continued to grow at a robust pace, according to Mohohlo, as evidenced by the January 2015 annual growth rate of 13 percent, which is higher than nominal economic growth.