Banks set for mega-profit earnings season

Listed and unlisted banks are due to unveil their annual and interim financials in the coming weeks, with several estimates already indicating that profits will be elevated.

Bank of Botswana data shows that cumulative after-tax commercial bank profits in the first six months of the year reached P1.5 billion, compared to P1.2 billion over the same period last year, putting the sector on a path to break historic records when the year is complete.