Banking sector profits grows, despite poor service

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The State Bank of India opened in the country while ABN AMRO closed shop to the disappointment of job seekers, who were expecting to land employment in the bank.

Four major banks (First National Bank, Standard Chartered Bank, Barclays Bank and Stanbic Bank) continued their domination of the local banking market.

However, some small banks, notably BancABC recorded significant growth this year. First National Bank of Botswana balance sheet continued to increase in advances with the year on year growth registering an impressive 23 percent to close at a book record of P10 billion.

Editor's Comment
Exercise extra caution!

Unfortunately, petty thieves tend to be more vicious around this time as they also prepare for the festive season. Culturally, many Batswana go home for the holiday, and petty thieves are amongst those who go home. Burglaries, car break-ins, and attacks on unsuspecting pedestrians seem to be on the rise!That is not all, as scammers continue to take money from pensioners as well as other Batswana who may fall prey to their unscrupulous tactics....

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