Bank profits return to winning ways
Friday, August 28, 2026 | 270 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.
‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...