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Bank Gaborone unveils relocated Main Mall branch

The official of opening of Bank Gaborone Main Mall Branch. PIC BW GOVERNMENT
The official of opening of Bank Gaborone Main Mall Branch. PIC BW GOVERNMENT

Local commercial bank, Bank Gaborone, on Thursday unveiled its revamped and swankier Main Mall branch, where it opened its first branch in 2006 when it entered the local banking space.

The branch boasts of self-service kiosks and cash deposit automated teller machines for quick and hassle-free transactions, coupled with high-speed fibre-optic connectivity to support seamless digital banking interactions and a dedicated loan centre where individuals and businesses can receive expert financial advice and solutions. Bank Gaborone managing director, Olebile Makhupe, said the Main Mall branch is vested with technological advancements in order to deliver excellent customer service. "We understand that banking is evolving, and so are the needs of our customers.

This branch is a physical representation of our dedication to providing secure, innovative, and customer centric banking experiences," she said at the official opening of the branch last week, As part of the bank’s Thobo 2026 Strategy and its GoBeyond Digital Transformation Vision, Bank Gaborone has been spearheading some innovations in the banking space. The innovations range from Card-to -Card Payments which is a novel solution allowing instant transfers to any Visa debit or credit card. The bank also launched its Easy-2-Pay mobile solution, which enables small businesses to accept contactless payments via a mobile phone. Speaking at the official launch, Minister of Finance, Ndaba Gaolathe, shared that the banking sector continued to play a pivotal role in the banking sector as a financier to the private sector and investment accelerator. “The banking sector is a vital pillar to and of our economy, fortifying the bridge between our present realities and our aspirations for a diversified and resilient economy,” he said.

For the period ending June 2024, Bank Gaborone had recorded double digit growth in profits, loan book and assets, by driving growth in key sectors such as agriculture, mining and construction. The bank had delivered strong financial performance for the period ending June 2024 with profit before tax growing by 18.9%, reaching P123.0 million from P103.3 million in the previous year. The loan book expanded by 17.28% to P6.7 billion, driven by strategic lending across multiple sectors, including agriculture, mining, and construction. Similarly, customer deposits grew by 18.1% to P8.0 billion, supported by a 41.98% increase in current accounts, 33.31% growth in savings accounts, and a 31.21% rise in demand deposits.

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