FNBB expects profit surge

In a notice to the Botswana Stock Exchange (BSE) on Friday, the bank said its pretax profits for the year ended June 30 are expected to be between 15% and 20% higher, or P180 million to P250 million above the P1.2 billion recorded last year.

“The full details will be provided to shareholders at the announcement of the financial results for the period ended June 2023, due to be released on September 13, 2023,” directors said. No details were provided for the expected increase in pretax profits.