Redemption beckons for BoB

The Bank of Botswana’s revelation that commercial banks have been charging their clients fees higher than the published tariffs, has put paid to the collectively held fears of the banking public.

For years, local banks enjoyed super-profits – often higher than their regional peers – and in many cases the local entities were crowned the highest performing in their respective banking groups.

For years, much of this was as a result of the economic boom enjoyed in Botswana before the recession in 2009. In those years, a credit bubble emerged as banks aggressively expanded their loan books to all tiers of customers, benefiting from high interest rates and the traditionally benign deposit rates.

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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