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
Watch your tongue Mr President

While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...

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