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
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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