Bank profits rise to P1.7bn

Bank of Botswana figures released recently indicate that the difference between the two periods was higher net interest income and significantly lower provisions for bad or doubtful debts.

Commercial banks’ net interest income in the first eight months of this year reached P3.2 billion compared to P2.9 billion over the same period last year, while the provisions for bad debts were measured at P87 million this year, compared to P279.3 million last year.