Banks profitability sink to new lows
Friday, June 03, 2016
According to the Bank of Botswana 2015 Annual Report released this week, profitability among the banks as measured by Return on Equity (RoE) as well as Return on Assets (RoA) declined with one smaller bank recording a loss in the year.
Although the report showed profitability by individual banks, the central bank says the maximum RoE registered by banks fell to 21.4% from 27% in 2014 while the bank that had the lowest profitability registered a negative (6.2 percent) RoE in 2015.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...