This is indicated by the continued high risk premium charged by banks, resulting in the slow decline in lending rates and the tendency of banks to focus their efforts in credit expansion on existing debtors and short-term credit carrying relatively low credit risk.
The latest transformation, from a friendly, mutual society to a public limited company, incorporated in April 2018, is of great significance in many respects. First, it allows broader scope for consideration of strategy, sustainable funding and provision of a wider array of services by Botswana Building Society.