Banks set for mega-profit earnings season
Friday, September 08, 2023 | 330 Views |

Purple patch: FNBB, the country’s largest bank, expects profits to reach as high as P1.4 billion this year PIC: MORERI SEJAKGOMO
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.
It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...