FNBB non-performing loans decline 26%

Steven Bogatsu PIC: PHATSIMO KAPENG
Steven Bogatsu PIC: PHATSIMO KAPENG

First National Bank Botswana’s (FNBB) non-performing loans declined by 26% year-on-year from P1.1 billion to P802 million resulting in a gross advance ratio of five percent as at June this year.

Announcing its results for the year ended June 30, 2022, FNBB CEO Steven Bogatsu said while actively looking for opportunities to support its clients, the bank will continue to be cautious in maintaining the quality of its credit book.

“Deposits remained flat at P22.2 billion following corporate outflows as trading levels normalised and the Botswana greylist status was uplifted.

Editor's Comment
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

Have a Story? Send Us a tip
arrow up