Mmegi

Bank profits reach P1.9bn in H1

Finger on the pulse: The central bank keeps a close eye on banking sector trends and risks PIC: BANK OF BOTSWANA
Finger on the pulse: The central bank keeps a close eye on banking sector trends and risks PIC: BANK OF BOTSWANA

The collective profits of the country’s commercial banks reached P1.9 billion in the first six months of the year, from P1.7 billion over the corresponding period last year, as the institutions broke through a short-lived slowdown in the industry.

In 2025, however, commercial banks’ collective profits broke a four-year streak of growth, declining by about nine percent to P3.79 billion, as they were impacted by broader economic pressures that raised their funding costs as well as bad debt provisions.

Bank of Botswana numbers released recently indicate that the banks have recovered from their slowdown in 2025, helped by stronger non-interest income and lower provisions for bad and doubtful debts.

Editor's Comment
Commitment by DPP to fight corruption welcome

Whilst many citizens put trust in their leaders that they are tackling one of the worst curses that can befall a country, the public has lost trust after all the cases seemed not to go anywhere.As the saying goes, ‘corruption is a cancer that eats away at the fabric of society’; corruption affects effective governance.Corruption affects delivery of services to the public and also crumbles most systems meant to assist citizens who are very...

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