{"id":12142,"date":"2022-08-17T12:50:06","date_gmt":"2022-08-17T12:50:06","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence"},"modified":"2022-08-17T13:34:38","modified_gmt":"2022-08-17T13:34:38","slug":"bbs-inches-closer-to-banking-licence","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence","title":{"rendered":"BBS inches closer to banking licence"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>BBS Ltd has declared a closed period from August 16 to October 15, as it finalises a process with the Bank of Botswana for the issuance of a commercial banking licence.
\n<\/b>
\nAccording to a notice yesterday, during the closed period, members of the board, management, and staff are prohibited from dealing in any manner, directly, or indirectly in the company\u2019s securities.<\/p>\n

The latest developments follow a protracted process in which BBS Ltd has undergone legislative and structural changes to prepare for the consideration of its commercial banking licence application by the Bank of Botswana.<\/p>\n

Last November, the central bank granted the company provisional approval of its application, noting that several conditions would have to be met before full approval.<\/p>\n

By converting into a commercial bank, BBS Ltd hopes to compete on a more level playing field with other banks, which for years have been offering products similar to the society in addition to others BBS was statutorily unable to offer.<\/p>\n

Should it be successful, BBS Ltd would be the country\u2019s first indigenous bank, as the market has historically been dominated by foreign entities.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. BBS Ltd has declared a closed period from August 16 to October 15, as it finalises a process with the Bank of Botswana for the issuance of a commercial banking licence. According to a notice yesterday, during the closed period, members of the board, management, and staff are prohibited from dealing in […]<\/p>\n","protected":false},"author":84,"featured_media":12141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,237,234],"class_list":["post-12142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBBS inches closer to banking licence - Botswana<\/title>\n<meta name=\"description\" content=\"BBS Ltd has declared a closed period from August 16 to October 15, as it finalises a process with the Bank of Botswan ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BBS inches closer to banking licence\" \/>\n<meta property=\"og:description\" content=\"BBS Ltd has declared a closed period from August 16 to October 15, as it finalises a process with the Bank of Botswan ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-17T12:50:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-17T13:34:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/08\/postQueueImg_24-62fcee5868488.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BBS inches closer to banking licence\",\"datePublished\":\"2022-08-17T12:50:06+00:00\",\"dateModified\":\"2022-08-17T13:34:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence\"},\"wordCount\":201,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/08\/postQueueImg_24-62fcee5868488.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bbs-inches-closer-to-banking-licence\",\"name\":\"BBS inches closer to banking licence - 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