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Barclays profits fall 30% on market headwinds

Reinette Van Der Merwe.PIC MORERI SEJAKGOMO
Reinette Van Der Merwe.PIC MORERI SEJAKGOMO

A combination of low interest rates, fee moratorium and tight liquidity conditions ate into Barclays Bank of Botswana’s financial results for the half-year ending 30 June 2015.

During the period, the bank registered profit before tax of P110 million, which is lower than the P160 million recorded in the same period last year.

However, Barclays managing director, Reinette van der Merwe said the results were satisfactory considering the current unfavourable economic environment that the bank is operating under.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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