Banking’s ‘Big 4’ maintain market dominance

The central bank noted that BBS Bank’s conversion from a building society to a commercial bank marginally cut the gap between the Big Four and the rest of the market.

The Banking Supervision Report, which provides an in-depth look into the local financial sector focusing on banks, established that while the financial performance of banks was bullish in 2023, growth and market share were still in the hands of the Big Four. The top four banks are led by First National Bank Botswana (FNBB), followed by Absa Bank Botswana, Standard Chartered Bank Botswana, and Stanbic Botswana.