Banks set for record profits

Tuesday, February 21, 2023 | 880 Views |

Capital central: The Bank of Botswana oversees all commercial banks in the country PIC: MORERI SEJAKGOMO

The country’s commercial banks recorded collective after-tax profits of P2.4 billion in the first 11 months of last year, setting them on course for the highest profits the sector has ever recorded.

Previously, the highest after-tax profits the banks enjoyed was in 2018 at P2.02 billion.

Bank of Botswana (BoB) figures released recently indicate that in the first 11 months of last year, the country’s commercial banks raised their net interest incomes to P4.6 billion, nearly 15% above the corresponding period in 2021.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Destiny vs. Dynasty: Arsenal Chase Historic First as Retaining Kings PSG Stand in the Way of Immortality

correspondent | 1d ago

We are ready to save Botswana - BCP

staff writer | 1d ago

Arteta ready to take final step to redemption

The Guardian* | 1d ago

Botswana targets motorsport future through karting

Kabelo Boranabi | 1d ago

Gripping cricket contests on the cards

Mqondisi Dube | 1d ago

Table Tennis to host Maun Open

Calistus Kolantsho | 1d ago

Awards spark debate after surprise winners

Larona Makhaiza | 1d ago

BNSC’s grant cut by P10m

Calistus Kolantsho | 1d ago

BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

The Monitor Editor | 26 May 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.