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Stanchart records marginal growth

Lekaukau
Lekaukau

Standard Chartered Bank Botswana has recorded marginal three percent year-on-year growth on its balance sheet despite operating in a ‘challenging trading environment’. In its unaudited financial results for the six months ended June 30, 2016, the bank registered an increase in net interest income by eight percent year-on-year.

Deposits from customers rose by one percent to P11.7 billion and loans to customers reduced by two percent, which was attributed to challenging market conditions.

Operating income remained flat year-on-year while operating expenses reduced by one percent to P335 million reflective of cost efficiencies realised in 2016.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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