Botswana underpins BancABC interim earnings

BancABC executives were quick to point out that far from being the result of poor performance, the reduction in net profits was more a reflection of a once off P13-million tax credit earned in the six months up to June 30, 2009.

The pan-African group's interim results for 2010, released on Wednesday, indicate that Botswana retail operations were among the drivers of a 244 percent year-on-year jump in net interest income to P129.8 million in the period under review.