Local banks more ‘cautious’ when giving credit
Net investment has been declining since 2016
Private sector credit extension (PSCE) growth slowed to 2.1% (N$1.35 billion) at the end of March 2022, from 2.8% at the end of February 2022.
Local commercial banks are more cautious when giving credit to the private sector given the current economic environment, analysts say.In addition, rising interest rates, which is ...
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