FNBB banks on transaction fees income

Wright
Wright

First National Bank of Botswana (FNBB) is pinning hopes on transaction fees from its large customer base to drive growth in revenues as the squeeze in interest income continues to eat into the bank’s profitability.

Due to prevailing low interest rate environment coupled with reduced deposits and tight liquidity, the bank recorded a two percent drop in net interest income for its half-year results to 31 December 2014.

On the other hand, the bank strategy of shifting from ‘bricks to clicks’ produced success as non-interest income rose by 11 percent year on year.

Editor's Comment
Let’s fight GBV as a collective

Botswana for the longest time was known for her virulent peace with family being an enviable institution.As the media, we are also scared to be incessantly reporting on these bloody scenes where women are brutally murdered and worse, sometimes in front of their children and loved ones. Yes, we have reported cases where men were also brutally murdered by their loved ones, but such cases are a drop in the ocean.For the past two weeks, Botswana was...

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