BancABC secures Eurobank millions for local companies

Pim Van Balleckom, European Investment Bank vice President and BancABC MD, Jitto Kurian during the signing of the multi- million Pula deal in Gaborone. PIC KEBOFHE MATHE
Pim Van Balleckom, European Investment Bank vice President and BancABC MD, Jitto Kurian during the signing of the multi- million Pula deal in Gaborone. PIC KEBOFHE MATHE

BancABC has secured a 25 million Euros (P290 million) deal with the European Investment Bank (EIB) to fund local companies.

The money will be used as loans that will finance the banks’ corporate banking and SME operations.

Speaking during the signing ceremony yesterday, BancABC managing director, Jito Kurian said the loans are meant to assist businesses to expand their operations.

Editor's Comment
FMD fight needs all of us

Botswana's cattle industry is one of the country's greatest assets. For many families, cattle are a source of income, food, pride, and culture. They pay school fees, build homes, and support livelihoods. Beyond the farm, the beef industry creates jobs and earns the country valuable foreign exchange through exports.That is why the construction of the new containment fence should not be viewed as just another government project. It is an...

Have a Story? Send Us a tip
arrow up