ABC Holdings noninterest income 16% up - ABC Holdings Limited Group parent company of Banc ABC has recorded 16% increase on Non-Interest Income worth USD93.8 million in the year ending 31 December 2019. Non-interest income of the Group in prior year stood at USD 81.1 million. The increase in 2019 was attributed to improved foreign currency trading revenue. (The Patriot on Sunday)BoB slashes bank rate to 4.25 % - Bank of Botswana (BoB) Governor Moses Pelaelo said the bank’s Monetary Policy Committee (MPC) decided to cut the Bank Rate by 50 basis points from 4.75 percent to 4.25 percent and the primary reserve requirement (PRR) from 5 percent to 2.5 percent. (The Patriot on Sunday)Absa Bot comes alive - Absa Bank Botswana Limited has – in its endeavour to assist clients amidst lockdown due to COVID 19 – setup Absa Bot, an online solution that works 24/7. (The Patriot on Sunday)Stanbic eases trade between importers, Chinese markets - Stanbic Bank Botswana has launched its Africa China Agent Proposition (ACAP), which aims to assist Botswana’s importers source and validate quality goods, safely and efficiently, from the most competitive suppliers in China. (The Patriot on Sunday)Absa Life donates P1m to COVID-19 relief efforts – Absa Life Botswana will contribute P1 million to support the Government’s fight against the Coronavirus (COVID-19) outbreak. (The Patriot on Sunday)
ABC Holdings noninterest income 16% up - ABC Holdings Limited Group parent company of Banc ABC has recorded 16% increase on Non-Interest Income worth USD93.8 million in the year ending 31 December 2019. Non-interest income of the Group in prior year stood at USD 81.1 million. The increase in 2019 was attributed to improved foreign currency trading revenue. (The Patriot on Sunday)BoB slashes bank rate to 4.25 % - Bank of Botswana (BoB) Governor Moses Pelaelo said the bank’s Monetary Policy Committee (MPC) decided to cut the Bank Rate by 50 basis points from 4.75 percent to 4.25 percent and the primary reserve requirement (PRR) from 5 percent to 2.5 percent. (The Patriot on Sunday)Absa Bot comes alive - Absa Bank Botswana Limited has – in its endeavour to assist clients amidst lockdown due to COVID 19 – setup Absa Bot, an online solution that works 24/7. (The Patriot on Sunday)Stanbic eases trade between importers, Chinese markets - Stanbic Bank Botswana has launched its Africa China Agent Proposition (ACAP), which aims to assist Botswana’s importers source and validate quality goods, safely and efficiently, from the most competitive suppliers in China. (The Patriot on Sunday)Absa Life donates P1m to COVID-19 relief efforts – Absa Life Botswana will contribute P1 million to support the Government’s fight against the Coronavirus (COVID-19) outbreak. (The Patriot on Sunday)
