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Stanbic flags strong profit recovery

Stanbic Bank
Stanbic Bank

Stanbic Bank Botswana is forecasting a profit before tax increase of up to P83 million for its half-year, adding to growing signs of a recovery in the country’s banking sector after a bruising 2025.

In a cautionary announcement issued on the bourse, the bank said profit before tax for the six months ended June is expected to increase by between 10% and 20%, representing a rise of between P41 million and P83 million from the corresponding period last year.

Stanbic reported profit before tax of P413 million for the first half of 2025. Its latest guidance therefore puts its six-month pretax profit at between P454 million and P496 million.

Editor's Comment
The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

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