BBS commercial bank transition on track

Commenting on the bank’s financials for the year ended December 31, 2021, bank Managing Director Pius Molefe said they are back on track and are working very hard to satisfy Bank of Botswana's (BoB) conditions to become the first indigenous bank institution.

“I will not mention the conditions here due to the sensitivity of the process but I can assure you that we would be able to satisfy them with the support of relevant shareholders. BBS Limited is indeed poised to become a successful indigenous commercial bank,” he said Last year BoB approved the BBSL banking licence application with conditions to be met before a commercial banking license can be granted.