Mmegi

Absa Botswana unfazed despite profit drop

Seeing positivity: Pheko-Moshagane PIC: KENNEDY RAMOKONE
Seeing positivity: Pheko-Moshagane PIC: KENNEDY RAMOKONE

Absa Bank Botswana sees “early signs of recovery” after reporting a 27% decline in profit before tax for the first half of the year, a performance linked to a challenging operating environment.

The country’s second-largest bank posted pretax earnings of P412 million for the half-year to June 30, 2025.

Absa Bank executives attributed this slowdown in profitability to a challenging operating environment defined by elevated credit impairment costs and significant pressure on revenue growth, particularly within the business and corporate banking segments.

Editor's Comment
Use social media to build, not destro

It is a warning flare to every Motswana who logs onto social media. As a country, we have reached a point where the line between robust debate and outright destruction has become dangerously blurred. At face value, Mabeo’s response, which seeks an apology and threat of a defamation suit, might seem severe to some. But we cannot ignore the context. The comment in question did not offer a policy critique or question a political decision.It...

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