FNBB tightens credit protocols

Non-Performing Loans (NPL) fell four percent year-on-year from P894 million to P861 million while impairment charges dropped to P76.9 million from P96.7 million, recent filings with the Botswana Stock Exchange indicate.

The bank said the drop in NPLs was due to a recoverability assessment of long-outstanding exposure and the consequent write-off of irrecoverable loans, while the lower impairments came from a prior year which featured significant commercial write-offs.