Bank profits hit two-year low
Friday, March 02, 2018
The banks’ fortunes were dampened last October when the Bank of Botswana (BoB) cut interest rates by 0.5%.
According to the central bank figures released on Wednesday, a 3.4% increase in banks’ net interest income to P4 billion, was outweighed by an 18% jump in bad debt provisions and a seven percent leap in operating expenses.
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...