Barclays profits jump 49% in 2016

Renniette Van Der Merwe
Renniette Van Der Merwe

Barclays Bank of Botswana made a pretax profit of P494.5 million in the year ended December 31, 2016 representing an increase of 49% from the previous year.

According to the bank’s recently announced financial results, the profit rise was driven by sustained revenue growth in the retail and business banking as well as the corporate and investment banking. These two segments grew by 11% and 30% respectively.

“The bank has continued to make progress in growing the key business segments in the various sectors of the economy,” managing director (MD), Reinette van der Merwe said.

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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