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.

Advancing social justice and decent work in Africa: A blueprint for change

FANFAN RWANYINDO KAYIRANGWA* | 2d ago

Staying safe amidst the electoral frenzy as journalists brace for October election

Thomas Nkhoma | 2d ago

Cultures Spears makes waves in the SA market

Lesedi Mkhutshwa | 2d ago

Sephobe for Miss Royal International Florida

Nnasaretha Kgamanyane | 2d ago

Teen carves promising artistic path

Nnasaretha Kgamanyane | 2d ago

Koolkat Motyiko's single unravels rich tribal music tapestry

Goitsemodimo Kaelo | 20 h ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 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