However, total lending growth across residential, commercial and specialised loans contracted by an annualised figure of 1% due to higher levels of competition.
With the total lending capacity for local banks standing at $4,3 billion, $215 million worth of credit will be made available to the 210 constituencies in the country.
Despite the warnings, our total lending volume rose by 4.4% in the course of the year, reaching historic per capital debt levels, the same report said.