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
Kudos to Kario

A few weeks after the former ruling Botswana Democratic Party (BDP) was reduced to a pale shadow of itself in the just passed General Election on October 30, it was only logical that you take a conscious decision of resigning from the party. This was before you could be pushed out of the position by irate party diehards who feel you did not do enough during your tenure as the head of the party secretariat.We know that it is at the party...

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