- Botswana’s banking assets hit $10.5bn despite global headwinds
- Sector resilience credited to digital growth and strong regulation
GABORONE, BOTSWANA – Botswana’s banking sector expanded by 7.7% in 2024, reaching total assets of $10.5bn, underscoring its resilience amid sluggish GDP growth and challenges in diamond exports.
According to the Bank of Botswana’s 2024 Banking Supervision Annual Report, customer deposits climbed 3% to $7.8bn (P107.3bn), while gross loans and advances grew 6.5% to $6.3bn (P87.1bn), reflecting continued financial intermediation despite tight liquidity.
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