• Pageantry: A peep behind the scenesOctober 27, 2025
    Pageantry: A peep behind the scenes ‘People see the glam, but behind closed doors we battle with a lot’   RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer 2025 in Africa Bunning… Read more: Pageantry: A peep behind the scenes
  • Absa Bank Botswana recognised as a Top Employer 2025 in AfricaOctober 27, 2025
    STAFF WRITER editors@thepatriot.co.bw  RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer 2025 in Africa Bunning upbeat on Tataki Absa Bank Botswana is proud to announce its recognition as a Top Employer 2025… Read more: Absa Bank Botswana recognised as a Top Employer 2025 in Africa
  • Bunning upbeat on TatakiOctober 27, 2025
    Tataki Mining executives hit the ground running Forecast to create around 3000 jobs at full production   STAFF WRITER RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer 2025 in Africa Bunning upbeat… Read more: Bunning upbeat on Tataki
  • With State of Emergency, Still … No medicines!October 27, 2025
    *Minister Modise blames bureaucracy, payment delays and global disruptions as key setbacks * Says the situation will be resolved by end of the year RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer… Read more: With State of Emergency, Still … No medicines!
  • Boko, UDC oligarchs clash over CabinetOctober 27, 2025
    UDC tycoons want control of Govt purse   RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer 2025 in Africa Bunning upbeat on Tataki Boko rejects his inner circle’s pushfor Cabinetreshuffle UDC tycoons… Read more: Boko, UDC oligarchs clash over Cabinet
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Monday, October 27, 2025
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

Barclays’ profit up 5%

patriot by patriot
January 26, 2021
in Business
0

Barclays Bank Botswana has registered a five percent growth on Profit before Tax (PBT) for the year ending December 2018.

The bank reports that its PBT stood at P588 million.

RelatedPosts

Absa Bank Botswana recognised as a Top Employer 2025 in Africa

Bunning upbeat on Tataki

China\\\\\\\’s green agriculture breakthrough

The bank’s Managing Director, Keabetswe Pheko-Moshagane said the increase in profit is attributed to the various initiatives that the bank undertook last year.

“Our operating costs remained well contained which led the business to achieve a cost to income ratio of 55 percent,” she stated at the end of the bank’s Annual General Meeting (AGM) held at Masa Square Hotel.

Pheko-Moshagane said the bank’s return on equity remained solid at 25 per cent underpinned by its growth which is further evidence of the momentum Barclays bank is on.

“Our balance sheet is sound and registered a solid 12 percent growth compared to the previous year,” she announced, stating that the growth allows the Bank to continue to invest in its business as well as issue competitive dividends to its shareholders.

She reassured the shareholders that the bank will continue to invest in technology by improving service channels and the bank’s branch network so as to deepen existing relationships whilst fostering new ones.

Speaking to the ongoing migration to Absa, Moshagane conceded that it has been a rigorous journey that has taught her that things get done efficiently when a group of people come together with a singular resolve to reach a certain goal, just as is the case with the biggest system migrations that the company recently completed.

The bank’s Board Chairman, Oduetse Motshidisi said Botswana’s economic growth stood at 4.5 percent in 2018, significantly stronger than the 2.9 per cent in 2017. He said this disparity was caused by the recovery of the mining sector during the year after the sector posted a 7.4 per cent growth rate during 2018.

“This reversed the 11 per cent contraction of the preceding year,” he said.

Motshidisi said the finance sector as well government’s expansion budget that underpinned the construction and general government sectors also showed an improved performance.

He said such factors contributed to the bank managing to record a healthy performance and show signs of an upward trajectory.

He said the bank is on track to transitioning into a future-fit digitally-led organisation that is ready to harness technology in a way that puts the clients first.

Motshidisi said prospects for 2019 are clouded by challenging global conditions with the domestic economy forecast to recede to 4.2 per cent as global demands for diamond is likely to be challenged by ongoing trade disputes between China and the United States of America, who are the largest consumers of Botswana diamonds. 

He, however, said in the instance that the diamond sales decline the non-mining sector will have to accelerate significantly if economic prospects are to brighten.

Tags: Barclays
Previous Post

BoB retains bank rate

Next Post

Fintechs crucial for financial inclusion

Related Posts

Absa Bank Botswana recognised as a Top Employer 2025 in Africa
Business

Absa Bank Botswana recognised as a Top Employer 2025 in Africa

October 27, 2025
Bunning upbeat on Tataki
Business

Bunning upbeat on Tataki

October 27, 2025
China\\\\\\\’s green agriculture breakthrough
Business

China\\\\\\\’s green agriculture breakthrough

October 22, 2025
Botswana Life unveils ‘Monkgogi’
Business

Botswana Life unveils ‘Monkgogi’

October 22, 2025
World Bank lauds Botswana
Business

World Bank lauds Botswana

October 21, 2025
Global Expo 2025,  Unveils P680 billionblitz
Business

Global Expo 2025, Unveils P680 billionblitz

October 14, 2025
Next Post
Fintechs crucial for financial inclusion

Fintechs crucial for financial inclusion

Please login to join discussion
  • Pageantry: A peep behind the scenesOctober 27, 2025
    Pageantry: A peep behind the scenes ‘People see the glam, but behind closed doors we battle with a lot’   RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer 2025 in Africa Bunning… Read more: Pageantry: A peep behind the scenes
  • Absa Bank Botswana recognised as a Top Employer 2025 in AfricaOctober 27, 2025
    STAFF WRITER editors@thepatriot.co.bw  RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer 2025 in Africa Bunning upbeat on Tataki Absa Bank Botswana is proud to announce its recognition as a Top Employer 2025… Read more: Absa Bank Botswana recognised as a Top Employer 2025 in Africa
  • Bunning upbeat on TatakiOctober 27, 2025
    Tataki Mining executives hit the ground running Forecast to create around 3000 jobs at full production   STAFF WRITER RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer 2025 in Africa Bunning upbeat… Read more: Bunning upbeat on Tataki
  • With State of Emergency, Still … No medicines!October 27, 2025
    *Minister Modise blames bureaucracy, payment delays and global disruptions as key setbacks * Says the situation will be resolved by end of the year RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer… Read more: With State of Emergency, Still … No medicines!
  • Boko, UDC oligarchs clash over CabinetOctober 27, 2025
    UDC tycoons want control of Govt purse   RelatedPosts Pageantry: A peep behind the scenes Absa Bank Botswana recognised as a Top Employer 2025 in Africa Bunning upbeat on Tataki Boko rejects his inner circle’s pushfor Cabinetreshuffle UDC tycoons… Read more: Boko, UDC oligarchs clash over Cabinet
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?