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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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