Mmegi

BSB posts historic profits as loan book swells

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

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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