Stanchart's conservative approach hurts its profit margins
Friday, October 02, 2009
Pulled down by a 40-percent increase in operating expenses, StanChart's net profit for the six months to June 30 was 13 percent lower at P134.8 million.
On the other hand, while static or negative growths were expected for all banks due to the credit risks posed by the global financial crises, Barclays Bank Botswana and First National Bank Botswana (FNBB) managed to post good results by cutting down on expenses.
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...