Resilient banks ride over Covid crisis

Friday, September 18, 2020

In the black: The lockdown hits banks' books but they have largely remained profitable PIC: KENNEDY RAMOKONE

covid19

Individual full and interim results for listed banks released in the last two weeks show that while several suffered drops in pretax profits, none of them sank into losses as a result of the pandemic.

All but one of the listed banks were also able to pay dividends to their shareholders, bucking a trend on the Botswana Stock Exchange where a number of counters have withheld payouts in order to shore up cash.

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