mmegi

FNBB’s profits reach P1.4bn

Friday, September 15, 2023 | 450 Views |

Healthy numbers: Bogatsu speaking at this week’s results briefing PIC: PHATSIMO KAPENG

The country’s biggest bank by balance sheet and customers, First National Bank Botswana (FNBB), has raked in P1.4 billion in pretax profits for the year ended June 30, an 18% increase from the figures recorded in the previous corresponding period.

Presenting the numbers on Wednesday, the bank’s CEO, Steven Bogatsu, attributed the higher profits to a healthy post-COVID-19 loan book.

“The growth was reflective of an economy emerging from the COVID-19 pandemic,” he said.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

'I was deceived'

Larona Makhaiza | 8 h ago

Fierce battle looms in BPF Nata-Gweta primaries

Chakalisa Dube | 15 h ago

BPF to win all Serowe constituencies

Innocent Selatlhwa | 15 h ago

BDP councillor withdraws candidacy, decries voters roll manipulation

Tsaone Basimanebotlhe | 15 h ago

BDP primaries: More fireworks, twists and turns

Tsaone Basimanebotlhe,Goitsemodimo Kaelo | 15 h ago

Choppies' P1m Olympic incentive

Calistus Kolantsho | 17 h ago

Masole gears for third Chess Olympiad

Calistus Kolantsho | 17 h ago

Wildebeests on the cusp of rugby history

CALISTUS KOLANTSHO | 17 h ago

BDP primaries leave a lot to be desired

The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...

The Monitor Editor | 22 July 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

FNBB’s profits reach P1.4bn

The country’s biggest bank by balance sheet and customers, First National Bank Botswana (FNBB), has raked in P1.4 billion in pretax profits for the year ended June 30, an 18% increase from the figures recorded in the previous corresponding period.