Bank profits hit two-year low

Friday, March 02, 2018

The country’s commercial banks saw a 10% slip in collective profits last year to P1.25 billion, as the sector was weighed down by higher defaults and operating expenses.

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.

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Bank profits hit two-year low

The country’s commercial banks saw a 10% slip in collective profits last year to P1.25 billion, as the sector was weighed down by higher defaults and operating expenses.

42 out of 45 bodies of Limpopo bus crash victims identified

Selefu

Selefu

Civil Society threatens court action over constitution amendment

Fans urged to fill up stadium

Coaches take jabs ahead of derby

A city divided!

Civil Society threatens Masisi with legal action

Routine child vaccination imperative