{"id":40083,"date":"2023-12-07T17:29:47","date_gmt":"2023-12-07T17:29:47","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=40083"},"modified":"2023-12-07T15:10:18","modified_gmt":"2023-12-07T15:10:18","slug":"bank-profits-near-historic-high-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/bank-profits-near-historic-high-2","title":{"rendered":"Bank profits near historic high"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The country\u2019s commercial banks recorded collective after-tax profits of P2.3 billion in the first nine months of the year, putting them on track to break the all-time full year record of P2.7 billion set last year.<\/b><\/p>\n

Prior to the record profits seen last year, the previous peak in banks\u2019 after-tax profits was P2.02 billion in 2018. Bank of Botswana (BoB) figures released recently indicate that commercial banks are powering towards a fresh high this year, helped to a large extent by healthy interest margins.<\/p>\n

The banks\u2019 net interest income in the first nine months of the year reached P4.5 billion, compared to P3.6 billion over the same period last year, reflecting the warming credit appetite amongst consumers and higher interest rates.<\/p>\n

Net non-interest income this year was approximately -P1.3 billion compared to negative one billion in the corresponding period last year. Provisions for bad and doubtful debts were higher this year at P184.1 million in the first nine months, compared to P77 million over the same period last year.<\/p>\n

Listed commercial banks reported bumper profits in the second earnings season of the year recently, with some showing profitability up by triple digits. Analysts said the high-interest rate environment from last year, as well as improved credit growth were driving factors.<\/p>\n

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

Africa-Press – Botswana. The country\u2019s commercial banks recorded collective after-tax profits of P2.3 billion in the first nine months of the year, putting them on track to break the all-time full year record of P2.7 billion set last year. Prior to the record profits seen last year, the previous peak in banks\u2019 after-tax profits was […]<\/p>\n","protected":false},"author":84,"featured_media":40082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-40083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBank profits near historic high - Botswana<\/title>\n<meta name=\"description\" content=\"The country\u2019s commercial banks recorded collective after-tax profits of P2.3 billion in the first nine months of the ...\" \/>\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\/bank-profits-near-historic-high-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank profits near historic high\" \/>\n<meta property=\"og:description\" content=\"The country\u2019s commercial banks recorded collective after-tax profits of P2.3 billion in the first nine months of the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bank-profits-near-historic-high-2\" \/>\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=\"2023-12-07T17:29:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/12\/sm_1701948857.086133.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"990\" \/>\n\t<meta property=\"og:image:height\" content=\"557\" \/>\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\/bank-profits-near-historic-high-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bank-profits-near-historic-high-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bank profits near historic high\",\"datePublished\":\"2023-12-07T17:29:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bank-profits-near-historic-high-2\"},\"wordCount\":227,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bank-profits-near-historic-high-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/12\/sm_1701948857.086133.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/bank-profits-near-historic-high-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bank-profits-near-historic-high-2\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bank-profits-near-historic-high-2\",\"name\":\"Bank profits near historic high - 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