FNBB Reboots Wealth Management Services

Monday, November 02, 2015

The squeeze on net interest margins has compelled the First National Bank of Botswana (FNBB) to replace lost revenues with non-interest income from wealth management.

Wealth management is a high-level professional service that combines financial or investment advice, accounting or tax services, retirement planning and legal or estate planning for one fee.

Waziba Pansiri, a wealth manager at FNBB, said wealth advisory is an important support arm of the private bankers at the bank’s private clients.

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FNBB Reboots Wealth Management Services

The squeeze on net interest margins has compelled the First National Bank of Botswana (FNBB) to replace lost revenues with non-interest income from wealth management.