New era dawns in banking sector

Mabusa. PIC KABO MPAETONA
Mabusa. PIC KABO MPAETONA

After a lukewarm 2014, characterised by sluggish profitability on the back of suppressed interest rates margins, increased competition, falling liquidity and deposits, Bankers Association of Botswana CEO Oabile Mabusa discusses the turnabout sweeping the industry and its prospects in 2015 with BusinessWeek Correspondent ISAAC PINIELO

Mmegi: How was the financial performance and profitability of the Botswana banking industry during 2014?

Mabusa: The year 2014 has been an exciting and challenging year for banking industry performance and profitability. The positive commercial bank lending trajectory, which was observed in 2013 continued into the third quarter of 2014, demonstrating strong commercial bank optimism against the backdrop of subdued deposit growth.  However, a definitive statement about industry performance and profitability trends for the year can only be made when industry aggregates have been consolidated post-end of year.

Editor's Comment
Mind your health

They've repeatedly warned that hypertension, or high blood pressure, often termed a chronic lifestyle disease, is a silent killer. It's crucial for everyone to be aware of their health status. Nowadays, many companies host wellness days, offering free disease screenings to employees!Unfortunately, even with such services, some choose not to take advantage of the opportunity.The Dutch Reformed Church in Botswana recently organised a...

Have a Story? Send Us a tip
arrow up