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BSB posts historic profits as loan book swells

Friday, December 06, 2024 | 740 Views |

On the up:
BSB’s pretax profits
were up by more
than 1,700%
PIC: MORERI SEJAKGOMO

Botswana Savings Bank’s (BSB) pretax profits for the six months ended September 2024 rose more than 18 times higher than last year to P68 million, boosted by strong growth in the statutory bank’s loan book.

The profits were more than 1,700% above the P3.7 million recorded by BSB in the half year ended September 2023.

In a commentary accompanying results which were posted to the Botswana Stock Exchange (BSE) this week, directors attributed the profit spike to a revised sales strategy coupled with a revision of its loan book.

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BSB posts historic profits as loan book swells

Botswana Savings Bank’s (BSB) pretax profits for the six months ended September 2024 rose more than 18 times higher than last year to P68 million, boosted by strong growth in the statutory bank’s loan book.

'Face to face with the man who tried to kill me'

Couple perishes in suspected 'passion killing' crash

Dimajwe duo arrested after missing assault victim found buried

Dikoloti escapes injury after car hits cow

Five-year-old boy hospitalised after road accident in Mogoditshane

UDC rolls out 'promised' child grant

BPF to hold first youth, women congresses

Of borrowed wheels and brand new GD6

Two-tier education system demands action