News Botswana Banks: Gov’t seeks P3bn loan from commercial banks
The Minister of Finance is set to approach Parliament for approval to raise $216.6 million (about P2.95 billion) from three commercial banks, marking a rare turn to bank lending as the government grapples with mounting fiscal pressures and a widening budget deficit.
News Botswana Banks: Forex powers banks' non-interest earnings
The collective non-interest income earned by banks in the first ten months of last year reached P4.3 billion, eight percent higher than the total for the whole of 2024, thanks in part to higher forex trade revenues.
News Botswana Banks: Bank profits reach P2.7bn in 2022
The country’s commercial banks recorded collective after-tax profits of P2.7 billion in 2022, comfortably their highest profits ever on record.
News Botswana Banks: New law to force licensing of cryptocurrency traders
A new bill is set to be placed before next week’s emergency sitting of Parliament which will require virtual asset traders, who include the growing cryptocurrency sector, to secure licences from the ...
News Botswana Banks: Household credit increases to P44.8 billion
Commercial Banks credit increased by 7.4 percent year-on-year in September 2021, higher than the 4.4 percent growth in the corresponding period in 2020, according to the Bank of Botswana’s Financial ...
