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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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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.

“Net 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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  • Middlemen, businessmen clash over access to the President BOKO’S AURAJuly 13, 2026
    Wealthy businessmen want direct access to Boko, not middlemen Self-appointed BNF middlemen collect, misappropriate donated funds BNF collects financial sponsorship, donations to build Kopano House BAKANG TIRO editors@thepatriot.co.bw RelatedPosts Middlemen, businessmen clash over access to the President BOKO’S AURA… Read more: Middlemen, businessmen clash over access to the President BOKO’S AURA
  • BLLAHWU recruitment drive pays offJuly 9, 2026
    Records over 2500 new members in three months Target cleaners, security guards and gardeners absorbed into civil service ‘We are targeting 5 000 new members by the end of the year (2026)’ – Kesebonye BAKWADI LEKOPANE editors@thepatriot.co.bw RelatedPosts Middlemen,… Read more: BLLAHWU recruitment drive pays off
  • ANTI-BLACK IMMIGRANTS RAGE EXPOSES ANC`S “POLITICS OF COMRADES!”July 7, 2026
    The uprising of the South Africa`s masses and their venting of their anger on the foreign nationals is the result of three causes: Social disgruntlement of certain layers of the population; ANC`s acceptance of a compromise with the ex… Read more: ANTI-BLACK IMMIGRANTS RAGE EXPOSES ANC`S “POLITICS OF COMRADES!”
  • Guma’s BDP brawlJuly 7, 2026
    CC members threaten to resign – Claim Fuels divisions, BDP in a political storm Balopi insist BDP is intact, corrupt members face suspension BAKANG TIRO editors@thepatriot.co.bw  RelatedPosts Middlemen, businessmen clash over access to the President BOKO’S AURA BLLAHWU recruitment… Read more: Guma’s BDP brawl
  • PPRA and its CEO triumphJuly 6, 2026
    Tawana JV withdraws contempt case against PPRA and its CEO – Tumelo Motsumi Accept liability for costs for the PPRA and its CEO joinder application STAFF WRITER editors@thepatriot.co.bw RelatedPosts Middlemen, businessmen clash over access to the President BOKO’S AURA… Read more: PPRA and its CEO triumph
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