Bank profits reach P2.7bn in 2022
Monday, March 20, 2023 | 750 Views |
Cashing in: Local commercial banks are riding the crest of a wave
Previously, the highest after-tax profits the banks enjoyed was in 2018 at P2.02 billion. Bank of Botswana (BoB) figures released last week indicate that the collective net interest incomes of commercial banks rose to P5 billion last year from P4.4 billion in 2021.
Provisions for bad and doubtful debts in 2022 fell by about 85% to P72.1 million, as banks reaped the rewards of tighter risk controls put in place since the pandemic broke out.
Women and children continue to suffer at the hands of men who, in their heads, seem to view them as objects they can abuse to satisfy their sick, disgusting tendencies. Hardly a day goes by without reports of a woman, an elderly woman, or a child being raped! Where are we going as Batswana? Rapists have instilled fear into people’s lives; there is no haven for anyone anymore as people live in fear not only walking the streets, but also inside...