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
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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