Bank profits return to winning ways
Friday, August 28, 2026 | 320 Views |
Market leader: FNBB is the country’s largest bank by all metrics and expects an increase in pretax profits of up to P235m PIC: MORERI SEJAKGOMO
First National Bank Botswana, the country’s largest bank by all metrics, expects its pretax profits for the full year ended June 2026 to rise by as much as P235 million. The bank reported pretax profits of P1.9 billion in the year ended June 2025.
Absa Bank Botswana, meanwhile, which is the country’s second largest bank, expects its pretax profits for the half year to June to increase by as much as P82 million. The bank reported pretax profits of P412 million in the prior period.
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...