FNBB’s profits reach P1.4bn

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


Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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