Absa eyes Corporate Banking as lending come under pressure
Friday, June 12, 2026 | 110 Views |
Strategising: Absa Botswana MD, Keabetswe Pheko-Moshagane
In the year ended December 2025, Absa Bank Botswana expected credit losses reached P110 million, rising by 22% from last year’s P89 million. The significant rise was anchored on projections that households will not be able to afford monthly loan commitments as debt levels coupled with inflationary pressures keep the household purse under pressure.
In its 2025 integrated report, the bank hinted on a strategic shift to shareholders, citing that while Retail Banking has been the traditional anchor in the local banking industry, it was also fraught with growing risk.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...