Botswana shines in BancABC stable

Unveiled on Monday, BancABC group results for the year ending 31 December 2010 indicate that the local subsidiary used the jump in deposits to grow its loan book, boosting net interest income by 48 percent to P51 million during the period.

BancABC Botswana is a wholly-owned subsidiary of the BancABC group, which also includes similar assets in Zimbabwe, Tanzania, Zambia and Mozambique. At P2 billion, BancABC Botswana deposits account for nearly 50 percent of the group total, providing leverage for growth opportunities this year and beyond.