Mmegi

FNBB fee income reaches P789m

Making moves: Bogatsu noted growth in FNBB’s customer numbers PIC: PHATSIMO KAPENG
Making moves: Bogatsu noted growth in FNBB’s customer numbers PIC: PHATSIMO KAPENG

First National Bank of Botswana’s (FNBB) non-interest income grew moderately at four percent in the six months to December 31, reaching P789.4 million despite the country’s biggest bank by customers and the balance sheet making some of its services free.

Non-interest income has been a star performer for FNBB over the years, as the bank has reaped the dividends of its heavy investment in fintech innovation.

In the six months to December 2022, FNBB’s non-interest income grew by five percent to P757.3 million.


Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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