Absa Botswana unfazed despite profit drop
Friday, September 19, 2025 | 160 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.
The heartbreaking reports carried elsewhere on this publication of a woman killed in Metsimotlhabe and four family members perishing near Metsimaswaana Bridge are, devastatingly, not isolated incidents. They represent the sharp, painful tip of a weekend that has seen far too many collisions, injuries, and losses on the roads. This alarming spike in fatalities is a screaming siren we cannot ignore. It compels a direct and urgent plea to every...