BSB to open 10 new branches ahead of merger

The Botswana Savings Bank (BSB) is ramping up its branch network expansion across the country in an effort to proliferate services and accessibility as part of its transformation process into a fully-fledged commercial bank.

With the imminent merger of BSB and Botswana Postal Services coming during the 2013/14 financial years, plans are in place to open 10 full time branches at selected post offices in order to avail general services at these post office outlets. The bank currently has only two branches; in Gaborone and Francistown.

"These will include issuance of loans, unlimited amounts of deposits and withdrawals, ATMs. Furthermore, a project named, Project Metro, aimed at improving the communication link between the branches was introduced and completed in October 2012," Assistant Minister of Finance and Developmnet Planning told Parliament last week.

Editor's Comment
Has life become worthless?

As many wondered what wrong the young boy could have done to end up killed, it emerged that his own cousin was a suspect in the murder after he claimed P50,000 from Botswana Life. Thato Tsametse, who was last week sentenced to death for the murder of his cousin, had reportedly taken out two Mmoloki Funeral Covers valued at P25,000 each.Over the years, the media has been covering the murder case, and some revelation has come up that certain...

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