BancABC in branch expansion drive

In an interview with Mmegi this week, the Managing Director of BancABC Botswana, Jitto Kurian, said the move was part of efforts to build on the bank's establishment in the retail banking arena.  The bank previously operated as a merchant bank before switching to retail banking in 2010. Kurian told Mmegi Business: "Our progress in the retail banking arena has been exciting. We have opened four branches over the last 12 months, three in Gaborone and one in Francistown."

BancABC commenced retail banking two years ago after a decade of focussing solely on merchant banking. In addition to Botswana where it has its primary listing, the bank has operations in Zimbabwe, Zambia, Tanzania and Mozambique.