Bank profits up in Q1
Wednesday, June 08, 2022 | 1440 Views |
Higher and higher: Local banks proved resilient after COVID-19 hit in 2020 and their profitability has kicked on PIC: MORERI SEJAKGOMO
The latest Bank of Botswana figures released recently indicate that the difference between the two periods was higher net interest income and lower provisions for bad or doubtful debts.
The banks’ performance in the first quarter of the year continues the sector’s recovery from the COVID-19 hit, which saw their collective after-tax profits declining by 13% in 2020 to P1.6 billion before improving to P1.9 billion in 2021.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...