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
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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