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
Respect public institutions Mr Pres

Leaders must uphold the rule of law and ensure justice, but Masisi’s remarks raise serious concerns on the separation of powers and the independence of the justice system.Masisi’s claim that he personally instructed authorities not to handcuff Khama, regardless of the legal circumstances, undermines the principles of justice and equality before the law.As Head of State, Masisi should respect the judicial process and avoid interfering in...

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