FNBB banks on transaction fees income

Wright
Wright

First National Bank of Botswana (FNBB) is pinning hopes on transaction fees from its large customer base to drive growth in revenues as the squeeze in interest income continues to eat into the bank’s profitability.

Due to prevailing low interest rate environment coupled with reduced deposits and tight liquidity, the bank recorded a two percent drop in net interest income for its half-year results to 31 December 2014.

On the other hand, the bank strategy of shifting from ‘bricks to clicks’ produced success as non-interest income rose by 11 percent year on year.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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