Non-bank sector’s profits reach P2bn

The Non-Bank Financial Institutions Regulatory Authority's (NBFIRA) 2021 Annual Report released on Tuesday indicates that the sector’s profits largely came from the insurance and capital markets players. Non-bank financial institutions also include microlenders, retirement funds, the Botswana Stock Exchange and others.

Available data trends have previously indicated that the financial sector was generally resilient in the face of COVID-19’s impact, with insurance and pension funds performing well, while the capital market players also enjoyed stellar returns from offshore equities.