Barclays profits fall 30% on market headwinds

Reinette Van Der Merwe.PIC MORERI SEJAKGOMO
Reinette Van Der Merwe.PIC MORERI SEJAKGOMO

A combination of low interest rates, fee moratorium and tight liquidity conditions ate into Barclays Bank of Botswana’s financial results for the half-year ending 30 June 2015.

During the period, the bank registered profit before tax of P110 million, which is lower than the P160 million recorded in the same period last year.

However, Barclays managing director, Reinette van der Merwe said the results were satisfactory considering the current unfavourable economic environment that the bank is operating under.

Editor's Comment
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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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