FNBB non-performing loans decline 26%

Monday, September 19, 2022 | 510 Views |

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.

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