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Friday, May 10, 2019

Private sector credit grew by 11% in 2018 | The Times Group

Private sector credit grew by 11% in 2018 | The Times Group: Credit extended to the private sector went up by 11.5 percent in 2018, the Reserve Bank of Malawi (RBM) indicates.

Figures contained in the 2018 RBM Annual Report issued on Tuesday show that the figure is compared to 0.4 percent growth of private sector credit recorded in 2017.

In real terms, private sector credit grew by 1.6 percent in 2018 compared to a contraction of 6.7 percent in 2017.

“The grow

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