Bank profits hold steady

Bank profits hold steady
Bank profits hold steady

The country's commercial banks recorded collective after-tax profits of P452 million in the first three months of the year, an increase from P374 million in the last three months of 2020.

Figures released by the Bank of Botswana recently underline the local banking sector’s resilience despite COVID-19, as the banks adjusted their risk appetites but generally maintained profitability.

According to the figures, the first quarter 2021 profits were about 13% lower than those of the corresponding period in 2020, which was the period before the pandemic hit Botswana. In the first quarter after COVID-19’s onset last year, collective profits fell to P181 million as banks provided repayment holidays and other relief to customers. 

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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