Bank profits soar even higher

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Local commercial banks continued their record-breaking performance this year, with their collective profits rising to P1.33 billion in the third quarter.

According to the latest Bank of Botswana numbers, August was the most profitable month within the third quarter for local banks, as they raked in a collective P197 million. August’s profits were also the highest for the year up to September for the banks, followed by P190.4 million in May.

In the first six months of the year, local banks hauled in collective profits of P860 million, the third highest level in the country’s history. The six month figures were nearly 64% higher than the corresponding period in 2017, while the nine-month profits (up to the third quarter) were 59% higher than the same period last year.

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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