BSB named best savings bank in Botswana for 2023

BSB Headquarters. PIC MORERI SEJAKGOMO
BSB Headquarters. PIC MORERI SEJAKGOMO

Botswana Savings Bank (BSB) has been awarded the winner of the 2023 Best Savings Bank in Botswana Award by International Business Magazine (UAE).

The Bank was recognised for its strides in the local market by excelling under the following criteria: • A bank garnering maximum trust in the banking system of Botswana. • Creating an ecosystem of financial inclusion for Batswana. • Provision of banking services that play a significant role in the development of Botswana. • A bank renowned for being a trusted financial services provider in Botswana.

Core to its business strategy is to promote and mobilise savings amongst the people of Botswana and its customers. The Bank has steadily driven growth in customer savings over the years. In the 2022 financial year, customer savings increased by 7% to the value of P2.74 billion (2021: P2.56 billion). The loans and advances also increased from P2.40 billion to P2.70 billion in the same period. The Bank has directed considerable investment into the enhancing of its digital channels, including expanding its automated service points, with the intent to increase awareness and influence customer behaviour towards savings. 09 May 2023  In terms of the savings products, BSB’s efforts are well represented in the diverse, affordable, and attractive savings products that cater for different customer segments. The Bank offers various savings products such as Sesigo Savings Account, Save As you Earn, Ordinary Savings Account and Fixed Deposit Account. All of which have been tailored to suit various needs and remain affordable across segment of clients, with the lowest having a minimum balance of P50.00 or any affordable amount.

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