Banks' rake in P1bn in profits
Thursday, October 10, 2019
Over the same period last year, collective profits of the country’s commercial banks reached P978 million which was also then a record. Banks rounded off 2018 with collective profits of P2.02 billion, yet another record.
Bank of Botswana figures released this week show that the record profits in the first seven months of the year were powered by higher net interest income of P2.5 billion compared to P2.2 billion for the corresponding period last year.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...