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.
Batswana who marched peacefully for 'Justice for Tshepi' demanded answers. They have now received a detailed account of police investigation and a promise that the file is with the Directorate of Public Prosecutions (DPP). The real test is whether the state now keeps its word without further prodding. In his address, the minister asked the nation to trust the process. He spoke of rigour, not neglect, and pointed to 10 months of...