FNBB Reboots Wealth Management Services

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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.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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