Mmegi

BSB profits reach P76m

Big numbers: The BSB recorded triple digit growth in profits off a stronger loan book
Big numbers: The BSB recorded triple digit growth in profits off a stronger loan book

The Botswana Savings Bank (BSB) has posted 230% surge in net profit to P76.8 million for the year to March 2025, up from P23.3 million in the previous year.

The growth was largely attributed to a robust expansion in the asset base and a significant P24.4 million contribution from BSB Insurance Services to the Group’s overall performance.

According to group executives, a recalibrated sales strategy played a pivotal role in this turnaround.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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