Overall Total credit extended to the private sector increased by N$1.03 billion, or 1.39%, in August 2015, taking total credit outstanding to N$75.12 billion. On an annual basis PSCE growth slowed slightly from 15.90% in July to 15.80% in August. A total of N$10.25 billion worth of credit has been… Continue reading
Total credit extended to the private sector increased by N$1.0 billion, or 1.4%, in July 2015, taking total credit outstanding to N$74.1 billion. On an annual basis PSCE growth picked up from 14.8% in June to 15.9% in July, returning to longer term trend levels. A total of N$10.2 billion… Continue reading
Private sector credit extension growth slowed to 14.8% in June, from 16.2% in the preceding month, on a year-on-year basis. On a month-on-month basis, credit extension contracted by 0.24%. This is the first time since July 2011 that we have seen a month-on-month contraction in credit extension. This contraction is… Continue reading