FNBB shifts focus to retail banking

Announcing the group's financial results for the year ended June 30 2010, Chief Financial Officer Steven Bogatsu, said their interest income came under heavy pressure in the last financial period as the central bank cut interest rates by 5.5 percentage points.

"We were terribly affected by the cut in interest rates and I hope that the worst is now behind us.  Bogatsu said in an interview.  "Just the stabilising of the rates, and not necessarily an increase, would be quite welcome now.