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FNBB approves over P610m in green loans

Friday, September 20, 2024 | 330 Views |

At the helm: Bogatsu PIC: MORERI SEJAKGOMO

First National Bank Botswana (FNBB), the country's biggest bank, approved a record P610 million in green loans in the year ended June 30, with officials saying the achievement indicates the organisation’s commitment to promoting Environmental, Social, and Governance (ESG) principles.

The significant green loan approvals and other sustainable projects FNBB is engaged in are steps forward in the commercial bank’s long-term strategy to contribute positively to Botswana’s green economy while advancing its own operational resilience in an evolving financial landscape, officials said.

Presenting the bank’s full-year financial results last week, FNBB CEO, Steven Bogatsu, highlighted the adoption of a suite of ESG policies, which have been instrumental in guiding the bank’s shared value strategies.

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