BoB income doubles on weaker pula

Tuesday, May 31, 2016

The depreciation of the pula against most major currencies particularly the US dollar has seen Bank of Botswana (BoB) income for 2015 doubling from the prior year largely due to currency revaluations.

Addressing the media in Gaborone yesterday, the central bank’s head of monetary and financial stability, Kealeboga Masalila said net income for the bank stood at P9.1 billion more than double the P4.1 billion realised in 2014.

“The highest contribution came from revaluation gains to net income due to the fall of the pula against major currencies,” he said.

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