BDC swings to deeper interim loss as impairments and funding costs bite

WIRE — Sunday Standard BDC swings to deeper interim loss as impairments and funding costs bite Botswana Development Corporation (BDC) reported a sharply wider half-year loss, as rising impairments, falling loan income and higher funding costs exposed growing strain in its core lending operations. The state-owned investor posted a group loss of P144.9 million for the six months to December 31, compared with P34 million a year earlier, while total income The post BDC swings to deeper interim loss as impairments and funding costs bite first appeared on Sunday Standard and is written by Cedric Swanka

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