FNBB banks on innovation to counter moratorium

FNB CEO Lerato Boakgomo-Ntakwana
FNB CEO Lerato Boakgomo-Ntakwana

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.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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