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BBS Bank balance sheet hits P3.9 billion

patriot by patriot
April 5, 2023
in Business
0

STAFF WRITER

editors@thepatriot.co.bw

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Banks in P90.79 billion household debt

π‡πžπ¦π© 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚π₯s roll in

Bank of Botswana Celebrate 50 Years

BBS Bank has improved its balance sheet by 3% from P3.8 billion to P3.9 billion as at 31 December 2022.

Announcing the results for the year ended 31 December 2022, Managing Director Pedzani Tafa said total operating income reached P121 million up 8.3 per cent from the previous year.

β€œNet long-term loans and advances remained flat with an increase of 1.89% from P3.126 as at 31 December 2021 to P3.186 billion. Total expected credit losses stood at P51.5 million compared to P54.3 million as at 31 December 2021. Investment with banks improved by 44% from P311.5 million as at 31 December 2021 to P448.0 million,” she said.  

She said total customer savings and deposits, including paid up and subscription savings increased by 8% from P2.5 billion as at 31 December 2021 to P2.7 billion as at 31 December 2022.

Meanwhile she said borrowings reduced by 11% from P769.9 million as at 31 December 2021 to P691.4 as at 31 December 2022 million because of repayments made during the year.

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  • Banks in P90.79 billion household debtSeptember 13, 2025
    -           P39 billion of the credit is unsecure -           UK research firm forecasts escalating credit in the household sector RelatedPosts Banks in P90.79 billion household debt π‡πžπ¦π© 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚π₯s roll in Basarwa demand equal rights STAFF WRITER The household… Read more: Banks in P90.79 billion household debt
  • π‡πžπ¦π© 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚π₯s roll inSeptember 13, 2025
    This morning (12.09.25), the Botswana Investment and Trade Centre (BITC) hosted the Hemp Innovations Europe (HIE) AB Memorandum of Understanding Handshake Ceremony. The MOU signing is in partnership with The Office of the President, Botswana University of Agriculture and… Read more: π‡πžπ¦π© 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚π₯s roll in
  • Basarwa demand equal rightsSeptember 13, 2025
    KITSO RAMONO editors@thepatriot.co.bw RelatedPosts Banks in P90.79 billion household debt π‡πžπ¦π© 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚π₯s roll in Basarwa demand equal rights   The Basarwa community has called on government to grant them full recognition under Botswana’s laws, insisting that they deserve… Read more: Basarwa demand equal rights
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