Modest decline in big banks� dominance

Wednesday, September 10, 2014

Little progress has been achieved in reversing the oligopolistic nature of Botswana’s banking sector despite the entrance of seven new banks in the industry since 2005.

There are 13 licenced commercial banks in the country, up from just six entities nine years ago.

As at the end of 2013, the big four banks kept a tight leash on their dominance holding over 80 percent of the industry’s assets, deposits, loans and advances.

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