FNBB To Open More Branches And Target Mining

Monday, August 27, 2007

First National Bank of Botswana (FNBB) on Friday warned its competitors that for the next few months, it will focus on accelerating its expansion programme and on making itself more visible to the growing mining industry.

The warning was made as the bank unveiled its year-end results to June 30, 2007 that feature a healthy balance sheet that shows a total asset growth of 15.8 percent at P8.4 billion from P7.2 billion in the corresponding period last year.

The robust balance sheet is attributed to a 13.1 percent increase in advances driven by the bank's property finance division, retail banking and WesBank, FNBB's car finance division.

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FNBB To Open More Branches And Target Mining

First National Bank of Botswana (FNBB) on Friday warned its competitors that for the next few months, it will focus on accelerating its expansion programme and on making itself more visible to the growing mining industry.