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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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  • Molale’s day in courtOctober 5, 2026
      Charged with abuse of office in P1,445 billion corruption case ‘Gantsi -New Xade Road awarded to Tau Grading fraudulently’ – DPP Joins several others, including former cabinet minister Noah Salakae   RelatedPosts Molale’s day in court P30m BPC… Read more: Molale’s day in court
  • P30m BPC tender rowOctober 5, 2026
    Contractors challenge Zero-Pula Connection tender award Concerned local contractors allege corruption, kickbacks BPC deny corruption, kickbacks or misappropriation allegations BAKANG TIRO editors@thepatriot.co.bw RelatedPosts Molale’s day in court P30m BPC tender row Khama, Govt clash A group of local contractors… Read more: P30m BPC tender row
  • Letshego to raise P800m from the BSEOctober 5, 2026
    Major shareholder BPOPF fully underwrites the proposed capital raise, demonstrating strong institutional support for Letshego’s streamlined, lower-risk growth strategy. Letshego Africa Holdings Limited has announced a proposed P800 million rights offer, representing a landmark capital raise on the Botswana… Read more: Letshego to raise P800m from the BSE
  • (no title)October 5, 2026
      The University of Botswana (UB), a premier state-owned tertiary institution dedicated to shaping the future through excellence, innovation, and meaningful societal impact, invites applications from accomplished and suitably qualified professionals for the following positions: RelatedPosts JOB OPPORTUNITIES AT… Read more: (no title)
  • Khama, Govt clashOctober 5, 2026
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