The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards for Excellence

Country Awards for Excellence 2020: Africa


botswana flag 

Botswana

Best bank: First National Bank of Botswana

First National Bank of Botswana (FNBB) continues to perform strongly and, after reporting a 16% year-on-year increase in market capitalization, wins the award for Botswana’s best bank again this year.

FNBB reported a 13% increase in profit before tax to P544.9 million ($46.2 million), while its return on tangible common equity increased 3% to 25.4% from 24.6% at the end of 2018. Interest income increased by 5% against growth in gross advances of 3%.


Steven Bogatsu, FNB, AfE_Africa_Botswana_160x186

Steven Bogatsu,
First National Bank of Botswana
 

In 2019, the bank focused on improving credit discipline by tackling its distressed debt portfolio, reducing non-performing loans by 10% to 6.9%



You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree