Banks set for record profits

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

Editor's Comment
Establish motive for soldier’s murder

The commissioned officer was recently found lying in a pool of blood lifeless at his home in Molepolole. Therefore, his demise shouldn’t be treated as another statistic, either. As detectives look to solve the murder case, they should dig deeper for answers and leave no stone unturned in establishing the motive for this killing which seems like action movie execution style. There seem to be more to this case than simply meets the eye especially...

Have a Story? Send Us a tip
arrow up