BancABC profits jump on increased lending
Thursday, April 13, 2017
The bank attributed the increase to interest income which rose on the back of significant growth in lending in the last quarter of 2015 with full year impact on interest income being felt in 2016.
According to the bank’s acting managing director, Nomathemba Segage, most income lines were above prior year with the expectation of fees and commission, adding that total assets increased by four percent during the year and return on equity improved from 17% to 20%.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...