BancABC plans 30 outlets by year-end

Friday, August 19, 2011

As pan-African banking group spreads its wings wider across the sub-continent, BancABC plans to increase its commercial bank outlets to more than 30 this year from 21 it has opened since last year.

The BSE-listed bank, which has operations in five countries across southern Africa, said this when it announced its unaudited interim results for the six months to June 30 2011 in Gaborone this week.

BancABC commenced retail banking last year after about a decade of focussing solely on merchant banking. It has already opened three branches in Botswana as its retail banking rollout progresses satisfactorily, with a high uptake of its products across the network. In addition to Botswana where it has a primary listing, the bank has operations in Zimbabwe, Zambia, Tanzania and Mozambique. Said Group CEO Doug Munatsi:

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BancABC plans 30 outlets by year-end

As pan-African banking group spreads its wings wider across the sub-continent, BancABC plans to increase its commercial bank outlets to more than 30 this year from 21 it has opened since last year.