• P63m to quench Molepolole thirstJune 4, 2025
    P63 million budgeted for water infrastructure development Water Ministry PS upbeat on the project success BAKANG TIRO editors@thepatriot.co.bw RelatedPosts P63m to quench Molepolole thirst Boko to chop ‘deadwood’ ‘Give us our land back’- Saleshando After decades of enduring dry… Read more: P63m to quench Molepolole thirst
  • Letshego deposits hit P2.1 billionJune 3, 2025
    2024 growth driven by Mozambique, Botswana, Namibia Interest Income grew to P3.9 billion, double digit growth Operating income up 26% to reach P2.88 billion   BAKANG TIRO RelatedPosts Letshego deposits hit P2.1 billion Boko to chop ‘deadwood’ ‘Raise capital… Read more: Letshego deposits hit P2.1 billion
  • Boko to chop ‘deadwood’June 3, 2025
    Singles out ailing BMC, BAMB, BR & Air Botswana Orders BMC, BAMB to pay farmers within five days MPs call for sacking of CEOs appointed by BDP govt BAKANG TIRO editors@thepatriot.co.bw RelatedPosts P63m to quench Molepolole thirst Letshego deposits… Read more: Boko to chop ‘deadwood’
  • Mr President, direct appointment is not a panacea for corruptionJune 2, 2025
    Botswana is in the storm of procurement corruption that has been left unattended for the longest time. Yet it appears it is difficult if not impossible to craft long-lasting solutions to as far as possible, cure procurement corruption because… Read more: Mr President, direct appointment is not a panacea for corruption
  • ‘Raise capital through BSE’June 2, 2025
    • BSE CEO implores CEEP beneficiaries • BSE, Debswana, Stanbic partner to unlock growth BAKANG TIRO editors@thepatriot.co.bw Beneficiaries of Debswana Diamond Company Citizen Economic Empowerment Programme (CEEP)have been encouraged to raise capital in the Botswana Stock Exchange (BSE). This… Read more: ‘Raise capital through BSE’
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Wednesday, June 4, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
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
Home Business

Stanchart geared for growth

patriot by patriot
April 29, 2021
in Business
242
0
Standard Chartered Bank Botswana Managing Director Mpho Masupe

Standard Chartered Bank Botswana Managing Director Mpho Masupe

491
SHARES
1.4k
VIEWS
ShareShareShare

MD Masupe hails their digital strategies

Stanchart buoyant, defeats COVID-19 volatilities

RelatedPosts

Letshego deposits hit P2.1 billion

‘Raise capital through BSE’

Mining sector endures worst recession

CFO lauds bank’s strong risk culture for resilience

BAKANG TIRO

editors@thepatriot.co.bw

The buoyant Managing Director of Standard Chartered Bank Botswana Mpho Masupe says the business has been resilient as a result of key strategies adopted during Covid-19 pandemic.

Masupe said the bank is poised for a strong growth after inspiring 2020 full year results.

In an interview with The Patriot Business, Masupe said the bank leveraged a lot on the digitisation pillar of the strategy; thus enabling it to remain competitive.

Masupe noted that 90% of the new customers acquired during the year came through digital banking applications while the online transactions blossomed by over 90% as well.

“We are a resilient business not by luck by determination. The Covid-19 propelled us to be a fully-fledged digitalised business. Our digital banking gained lot of traction. 80% of corporates are in our digital banking and we need to close on the remaining 20% to come on board,” he said.

Digital loan lending, according to Masupe, is another transformation path that the bank will take.

Oozing with confidence, he said that the bank is committed to expand its income base through digitalisation; indicating that new products or services will be availed online to improve delivery.

In addition, Masupe revealed that their network channel and being an international bank was very helpful as they managed to adopt Covid-19 strategies from their sister banks across the globe.

This, he said, guaranteed the business readiness against containing the Covid-19’s harsh impact.

“Our network is available in over 60 countries across the world. The bank has footprint in countries such as United Kingdom, Hong Kong and China. This network is also important as our SMMEs clients are able to interact with others from this world. This network interaction if is well taken advantage of will without any doubt deliver successful businesses in Botswana,” said Masupe.

The optimistic Standard Chartered MD further said as part of forging networks, the bank is considering partnership with government in construction so as to assist the State Owned Enterprises (SOEs) to spur economic growth; buttressing that government private partnership is important.

Profitability

Chief Financial Officer (CFO) Dr Mbako Mbo said as part of their strategy, the bank’s strong risk culture played pivotal role in ensuring that the business remained profitable last year.

He said the business was able to put in place robust response mechanisms to contain uncertainties.

“We also have a strong balance sheet which kept the business afloat. The balance sheet was well protected from the risks. It did not grow exponentially as a result of the Covid-19 pressure. Moreover, financial discipline aspect was very important for growth,” he said.

Standard Chartered posted Profit before Tax of P102 million; operating income of P753 million up 4% year-on-year and loans and advances 2% up to P8 billion in full year-ended 31 December 2020.

Dr Mbo said the results although being impressive were not what they expected as they aim high.

“The delivered results are welcome taking consideration that we have still shown a sense of resilience in the period of Covid-19. The business is capable of achieving higher than what we did in 2020. We are very determined that the digital platforms will generate more revenue for us,” he added.

Meanwhile, Masupe said the bank is not excited but cautious about the 2021 outlook.

He added that the Covid-19 pandemic suppression on economy still persists but the business is still optimistic of remaining well profitable; insisting that continuity in resilience is key for growth.

Related

Tags: Standard Chartered Bank Botswana

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Bona Life bounces back

Next Post

‘Club crowds wild’

Related Posts

Letshego deposits hit P2.1 billion
Business

Letshego deposits hit P2.1 billion

June 3, 2025
‘Raise capital through BSE’
Business

‘Raise capital through BSE’

June 2, 2025
Mining sector endures worst recession
Business

Mining sector endures worst recession

May 27, 2025
VP applauds the Northern Trade Fair
Business

VP applauds the Northern Trade Fair

May 26, 2025
ALC’s STRATEGIC investment
Business

ALC’s STRATEGIC investment

May 19, 2025
Stanbic boosts green economy
Business

Stanbic boosts green economy

May 12, 2025
Next Post
‘Club crowds wild’

'Club crowds wild'

Please login to join discussion
  • P63m to quench Molepolole thirstJune 4, 2025
    P63 million budgeted for water infrastructure development Water Ministry PS upbeat on the project success BAKANG TIRO editors@thepatriot.co.bw RelatedPosts P63m to quench Molepolole thirst Boko to chop ‘deadwood’ ‘Give us our land back’- Saleshando After decades of enduring dry… Read more: P63m to quench Molepolole thirst
  • Letshego deposits hit P2.1 billionJune 3, 2025
    2024 growth driven by Mozambique, Botswana, Namibia Interest Income grew to P3.9 billion, double digit growth Operating income up 26% to reach P2.88 billion   BAKANG TIRO RelatedPosts Letshego deposits hit P2.1 billion Boko to chop ‘deadwood’ ‘Raise capital… Read more: Letshego deposits hit P2.1 billion
  • Boko to chop ‘deadwood’June 3, 2025
    Singles out ailing BMC, BAMB, BR & Air Botswana Orders BMC, BAMB to pay farmers within five days MPs call for sacking of CEOs appointed by BDP govt BAKANG TIRO editors@thepatriot.co.bw RelatedPosts P63m to quench Molepolole thirst Letshego deposits… Read more: Boko to chop ‘deadwood’
  • Mr President, direct appointment is not a panacea for corruptionJune 2, 2025
    Botswana is in the storm of procurement corruption that has been left unattended for the longest time. Yet it appears it is difficult if not impossible to craft long-lasting solutions to as far as possible, cure procurement corruption because… Read more: Mr President, direct appointment is not a panacea for corruption
  • ‘Raise capital through BSE’June 2, 2025
    • BSE CEO implores CEEP beneficiaries • BSE, Debswana, Stanbic partner to unlock growth BAKANG TIRO editors@thepatriot.co.bw Beneficiaries of Debswana Diamond Company Citizen Economic Empowerment Programme (CEEP)have been encouraged to raise capital in the Botswana Stock Exchange (BSE). This… Read more: ‘Raise capital through BSE’
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?