FNBB banks on innovation to counter moratorium

FNB CEO Lerato Boakgomo-Ntakwana
FNB CEO Lerato Boakgomo-Ntakwana

First National Bank of Botswana (FNBB) says it will look to innovation to counter the impact of the moratorium that was imposed by Bank of Botswana on fee increases.

Announcing their results in Gaborone last week FNB CEO, Lerato Boakgomo-Ntakhwana said FNB has a diversified portfolio, and they would be more innovative in their non-interest income portfolio to caution the impact of the moratorium.

“When one portfolio in the market is not doing well, we compensate it with a portfolio that is doing well. This is because as FNB we have a diversified portfolio,” Ntakhwana said.

Editor's Comment
Be careful on the road this festive season

Over the past weekend in Greater Gaborone, four people tragically lost their lives in separate accidents, a stark reminder of how vulnerable we are on the roads, especially during this busy time of year.The accidents, which claimed the lives of three pedestrians and one driver, paint a grim picture of the dangers faced by everyone on the road, not just motorists but also pedestrians. In one case, a young man was fatally struck by a truck whilst...

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