Bank profits surpass pre-pandemic levels

Wednesday, March 09, 2022 | 1580 Views |

The country’s commercial banks recorded collective after-tax profits of P1.88 billion in 2021, compared to P1.57 billion in 2020, as the industry soared above pre-pandemic levels of financial performance.

In 2019, the year before COVID-19 arrived in the country, the country’s commercial banks recorded collective after-tax profits of P1.78 billion.

Bank of Botswana figures released recently indicate that the profitability recorded in 2021 was the second highest in the last ten years, only surpassed by the P2.02 billion recorded in 2018.

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