FNBB banks on innovation to counter moratorium

Wednesday, February 26, 2014

First National Bank of Botswana (FNBB) says it will look to innovation to counter the impact of the moratorium that was imposed by Bank of Botswana on fee increases.

Announcing their results in Gaborone last week FNB CEO, Lerato Boakgomo-Ntakhwana said FNB has a diversified portfolio, and they would be more innovative in their non-interest income portfolio to caution the impact of the moratorium.

“When one portfolio in the market is not doing well, we compensate it with a portfolio that is doing well. This is because as FNB we have a diversified portfolio,” Ntakhwana said.

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