Inside FNBB’s plan to stay ahead of the pack

Grand launch: FNBB CEO, Steven Bogatsu officiating at the brand reveal in Gaborone recently PIC: FNBB FACEBOOK
Grand launch: FNBB CEO, Steven Bogatsu officiating at the brand reveal in Gaborone recently PIC: FNBB FACEBOOK

While the country’s biggest bank earned its prime position in the market by being the leading innovator of financial services technology, COVID-19 spurred its competitors to close the gap in digitisation. However, First National Bank has an ace up its sleeve, notes Staff Writer, MBONGENI MGUNI

Writing in the group’s annual report for 2022 recently, First National Bank Botswana (FNBB) chairperson, Balisi Bonyongo noted the trend of heightened competition in the banking sector from both direct rivals and non-traditional financial services.

Essentially, the pandemic saw banks and related financial services providers boost their provision of digital services, as the response to COVID-19 included movement restrictions, travel bans and social distancing, the latter limiting the traffic in brick and mortar banking halls.

Editor's Comment
Are police trigger-happy?

Unfortunately, that day turned sour for those who were shopping at Sefalana Cash and Carry in Gaborone West Industrial.The exchange of fire that ensued between members of the Botswana Police Service (BPS) and robbers who had allegedly robbed a G4S cash-in-transit vehicle left two civilians dead, three robbers struck down, and an undisclosed number of citizens wounded.One deceased civilian is reportedly an employee of the Citizen Entrepreneurial...

Have a Story? Send Us a tip
arrow up