Botswana sparkles as BancABC profits soar

Botswana, one of BancABC's five locations on the continent, underpinned a good half-year for the group in which it expanded its retail footprint to 55 from 35 last June and boosted retail customers by 144 percent to 155,763 over the same period.

Across all indicators, BancABC Botswana was robust in the group, with its assets growing 89 percent year-on-year to P3.6 billion, as the awarding of a government payroll code anchored retail sector growth. At that level, BancABC Botswana's assets made up 36 percent of the group's total assets as at 30 June 2012.