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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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