First Capital Bank Acquires Bank of India (Botswana)

Monday, December 02, 2019

FMcapital Holdings Group (FMBCH), the Mauritius-based holding company for First Capital Bank Botswana this week announced the successful acquisition of Bank of India (Botswana) Limited (BOIB) by First Capital Bank Botswana.

The opportunity to acquire BOIB came as a result of the decision by Bank of India to divest from certain markets outside of India, including Botswana.

The acquired business complements FMBCH’s offering of products and further strengthens its position as a regional player in the financial services industry.

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First Capital Bank Acquires Bank of India (Botswana)

FMcapital Holdings Group (FMBCH), the Mauritius-based holding company for First Capital Bank Botswana this week announced the successful acquisition of Bank of India (Botswana) Limited (BOIB) by First Capital Bank Botswana.