INDIVIDUALS and businesses avoided borrowing from commercial banks in the first three months of this year due to uncertainities over the March 4 general election. A Central Bank survey shows demand for credit decreased in all economic sectors in the quarter ended March 2013 as investors delayed investment decisions until the political environment stabilised. However going forward, the institutions have forecast an increase in the demand for credit following the peaceful elections which restored business confidence. “Most institutions attributed this decrease to the political risk emanating...
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