Absa Botswana unfazed despite profit drop
Friday, September 19, 2025 | 360 Views |
Seeing positivity: Pheko-Moshagane PIC: KENNEDY RAMOKONE
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.
“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...