{"id":3543,"date":"2022-03-07T19:31:03","date_gmt":"2022-03-07T19:31:03","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/letshego-delivers-double-digit-growth-in-profits"},"modified":"2022-03-07T20:40:43","modified_gmt":"2022-03-07T20:40:43","slug":"letshego-delivers-double-digit-growth-in-profits","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/letshego-delivers-double-digit-growth-in-profits","title":{"rendered":"Letshego delivers double digit growth in profits"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Leading pan-Africa financial services group, Letshego Holdings Limited continues to make headway in building a LetsGo Nation to support Africa\u2019s future creating value and returns for stakeholders in the process. The Group presented its consolidated financial results for the year ended 31 December 2021, set against strong progress in delivery of its accelerated digital strategy, and revealing robust performance despite the socio-economic impacts of the global COVID-19 crisis.<\/p>\n

Letshego achieved double digit growth in profit on the back of enhanced digitisation efforts to transform into an entity that sustainably unlocks enterprise value. Letshego aims to cement its vision to deliver world-class retail financial services, focusing on platform customer experience, and supported by \u2018product eco-systems\u2019 and multi-tier partnerships within its regional digital hubs. Considerable investment in this strategy was realised in 2021, with 5 distinct \u2018Value Streams\u2019 now leading Letshego\u2019s product delivery and customer focus, namely Lending, Savings & Deposits, Insurance, Payments and Lifestyle.<\/p>\n

Profit before tax increased by 11% year-on-year to P1.147 billion, and Profit after tax climbed 16% for the same comparative period, to P730 million. Asset quality remains strong, with the Group\u2019s Loan Loss Ratio (LLR) at -0.1% for the year. The Group\u2019s Non-performing loans ratio increased marginally to 5.9% for the year (FY2020: 5.3%), reiterating stability in the Group\u2019s credit and risk management framework. Performance for the year was largely driven by 17% growth in net customer advances, totalling P11.9 billion.<\/p>\n

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

Africa-Press – Botswana. Leading pan-Africa financial services group, Letshego Holdings Limited continues to make headway in building a LetsGo Nation to support Africa\u2019s future creating value and returns for stakeholders in the process. The Group presented its consolidated financial results for the year ended 31 December 2021, set against strong progress in delivery of its […]<\/p>\n","protected":false},"author":84,"featured_media":3542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,12,16],"tags":[233,237,234],"class_list":["post-3543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nLetshego delivers double digit growth in profits - Botswana<\/title>\n<meta name=\"description\" content=\"Leading pan-Africa financial services group, Letshego Holdings Limited continues to make headway in building a LetsGo Na ...\" \/>\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\/letshego-delivers-double-digit-growth-in-profits\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Letshego delivers double digit growth in profits\" \/>\n<meta property=\"og:description\" content=\"Leading pan-Africa financial services group, Letshego Holdings Limited continues to make headway in building a LetsGo Na ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/letshego-delivers-double-digit-growth-in-profits\" \/>\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=\"2022-03-07T19:31:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-07T20:40:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/03\/img-62266db5b255a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\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\/letshego-delivers-double-digit-growth-in-profits#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/letshego-delivers-double-digit-growth-in-profits\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Letshego delivers double digit growth in profits\",\"datePublished\":\"2022-03-07T19:31:03+00:00\",\"dateModified\":\"2022-03-07T20:40:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/letshego-delivers-double-digit-growth-in-profits\"},\"wordCount\":249,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/letshego-delivers-double-digit-growth-in-profits#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/03\/img-62266db5b255a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/letshego-delivers-double-digit-growth-in-profits#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/letshego-delivers-double-digit-growth-in-profits\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/letshego-delivers-double-digit-growth-in-profits\",\"name\":\"Letshego delivers double digit growth in profits - 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