{"id":29441,"date":"2023-06-25T19:34:00","date_gmt":"2023-06-25T19:34:00","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets"},"modified":"2023-06-25T20:17:37","modified_gmt":"2023-06-25T20:17:37","slug":"nbfis-account-for-largest-share-of-financial-assets","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets","title":{"rendered":"NBFIs account for largest share of financial assets"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Financial Stability Council (FSC) says there is more money in the Non Banking Financial Institutions (NBFIs) than in the banks and urged for tight measures to avoid financial risks, the report pointed-out.<\/b><\/p>\n

\u201cThe NBFI sector \u2014mainly pension funds\u2013 accounted for the largest share of financial system assets at 55.6 percent compared to 44.4 by the banking sector,\u201d the report said.<\/p>\n

The size of the banking and NBFI was P284 billion in 2022, up 5.5 percent from the prior year.<\/p>\n

The report excludes the Botswana Stock Exchange\u2019s (BSE\u2019s) market capitalisation which is at nearly P400 billion- although the bulk of it is controlled by Anglo American Plc. \u201cThe size of the entire financial system represented 112.8 percent of GDP in December 2022, compared to 129.3 percent in 2021,\u201d it added.<\/p>\n

In 2022, NBFIs assets stood at P 157.9 billion while the banking sector was lagging behind at P 126 billion. The retirement funds portfolio constituted P117.9 billion followed by insurance industry at P21 billion. Other financial corporations such as Letshego Holdings had P19billion.<\/p>\n

All banks were at P126 billion. The stake of all nine commercial banks stood at P117billion and the statutory banks constituted a tiny P9 billion. The report called for tight scrutiny of the NBFI saying it could affect the financial stability and contribute to a systematic risk.<\/p>\n

\u201cThe insurance companies could affect financial stability and contribute to the systematic risk through three potential transmission channels, namely, failure to provide critical services; inability to mitigate risk and compensate for loss with respect to systematically important counterparts; risk to financial institutions,\u201d it said.<\/p>\n

\u201cFailure by a dominant company may leave a significant gap in the provision of critical risk mitigation services to the economy as the remaining companies may not have the capacity to fill the void,\u201d it warned.<\/p>\n

\u201cThe dominance of BIHL (Botswana Insurance Holdings Limited) in the local sector exacerbates these risks and warrant enhanced supervision,\u201d FSC\u2019s report warned.<\/p>\n

The top five largest life insurance companies in the country control 90 percent of the market share and they dominate the Gross Premiums Written. More than 80 percent of pension industry are accounted by Botswana Public Officers Pension Fund ( BPOPF).<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Financial Stability Council (FSC) says there is more money in the Non Banking Financial Institutions (NBFIs) than in the banks and urged for tight measures to avoid financial risks, the report pointed-out. \u201cThe NBFI sector \u2014mainly pension funds\u2013 accounted for the largest share of financial system assets at 55.6 percent compared to […]<\/p>\n","protected":false},"author":84,"featured_media":29439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,237,234],"class_list":["post-29441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nNBFIs account for largest share of financial assets - Botswana<\/title>\n<meta name=\"description\" content=\"Financial Stability Council (FSC) says there is more money in the Non Banking Financial Institutions (NBFIs) than in ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBFIs account for largest share of financial assets\" \/>\n<meta property=\"og:description\" content=\"Financial Stability Council (FSC) says there is more money in the Non Banking Financial Institutions (NBFIs) than in ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-25T19:34:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-25T20:17:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1149\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NBFIs account for largest share of financial assets\",\"datePublished\":\"2023-06-25T19:34:00+00:00\",\"dateModified\":\"2023-06-25T20:17:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets\"},\"wordCount\":373,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets\",\"name\":\"NBFIs account for largest share of financial assets - Botswana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg\",\"datePublished\":\"2023-06-25T19:34:00+00:00\",\"dateModified\":\"2023-06-25T20:17:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Financial Stability Council (FSC) says there is more money in the Non Banking Financial Institutions (NBFIs) than in ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg\",\"width\":1800,\"height\":1149,\"caption\":\"NBFIs account for largest share of financial assets\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/botswana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBFIs account for largest share of financial assets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/\",\"name\":\"Botswana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NBFIs account for largest share of financial assets - Botswana","description":"Financial Stability Council (FSC) says there is more money in the Non Banking Financial Institutions (NBFIs) than in ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets","og_locale":"en_US","og_type":"article","og_title":"NBFIs account for largest share of financial assets","og_description":"Financial Stability Council (FSC) says there is more money in the Non Banking Financial Institutions (NBFIs) than in ...","og_url":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets","og_site_name":"Botswana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-06-25T19:34:00+00:00","article_modified_time":"2023-06-25T20:17:37+00:00","og_image":[{"width":1800,"height":1149,"url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"NBFIs account for largest share of financial assets","datePublished":"2023-06-25T19:34:00+00:00","dateModified":"2023-06-25T20:17:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets"},"wordCount":373,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg","keywords":["Africa Press","Africa Press-Botswana","Botswana"],"articleSection":["all news","economy","head lines"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets","url":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets","name":"NBFIs account for largest share of financial assets - Botswana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg","datePublished":"2023-06-25T19:34:00+00:00","dateModified":"2023-06-25T20:17:37+00:00","author":{"@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Financial Stability Council (FSC) says there is more money in the Non Banking Financial Institutions (NBFIs) than in ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#primaryimage","url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg","contentUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687707064.467977.jpg","width":1800,"height":1149,"caption":"NBFIs account for largest share of financial assets"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/nbfis-account-for-largest-share-of-financial-assets#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/botswana\/"},{"@type":"ListItem","position":2,"name":"NBFIs account for largest share of financial assets"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/botswana\/#website","url":"https:\/\/www.africa-press.net\/botswana\/","name":"Botswana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/29441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/comments?post=29441"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/29441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media\/29439"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media?parent=29441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/categories?post=29441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/tags?post=29441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}