Stanchart posts lukewarm results
Wednesday, March 30, 2011
Stanchart, which has maintained its low risk asset preference strategy over the years, thereby limiting the growth of its loan book compared to its peers, saw net interest income weaken by 2.6 percent to P484 million while profit after tax slid 4.7 percent to P224 million.
The bank realised suppressed interest margins for the year due to the low interest rate regime adopted by the Bank of Botswana last year.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...