NDB posts P87m loss on high impairments

Monday, June 01, 2015

The National Development Bank(NDB) has said it expects to record a loss of P86.4 million for the financial year ended March 2014 on the back of huge impairment charges.

In a statement released on Friday, CEO Lorato Morapedi said that despite the expected loss, the bank registered growth in interest income, assets and advances. According to Morapedi, interest income increased by eight percent from P202 million in 2013 to P218 million.

“Operating expenses increased by only 4 percent which is indicative of the Banks efforts to manage costs in an environment of increasing administration costs,” she said.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Nthaile misinformed Ntlo Ya Dikgosi on Butterfly, Khama says

Larona Makhaiza | 1d ago

New military justice system to transform discipline in the army

Pini Bothoko | 1d ago

MISA Botswana condemns emerging threats to media freedom

MISA . | 1d ago

Bushfire Festival to ignite cultural celebration in the heart of Kgalagadi

Nnasaretha Kgamanyane | 1d ago

Emergency probe as FMD tests national buffers

Mbongeni Mguni | 1d ago

FNB Premiership on a knife-edge

Kabelo Boranabi | 1d ago

'Ntungamili has always had genuine love for tennis'

Mqondisi Dube | 1d ago

Gov’t won’t apologise to Butterfly

Sharon Mathala | 1d ago

Child protection needs more than prevailing laws

The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...

The Monitor Editor | 27 January 2026

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