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.
PHILLEPUS UUSIKULocal commercial banks are more cautious when giving credit to the private sector given the current economic environment, analysts say.In addition, rising interest
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