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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
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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