FNBB results weak

First National Bank Botswana has announced that its half-year results for the period ended December 31st 2015, has recorded a lower overall performance compared to the prior year.

Although still lower than the previous corresponding, the performance is improving and showing an upward trajectory. The results are expected to be released on or about 19th February 2016.

Meanwhile, the Stockbrokers Botswana 2016 outlook projects that, FNBB should be able to leverage off its mobile banking and e-solution offerings, providing for more diversified revenue stream.

“The bank has also been able to secure long term funding through a bond issuance of five year and seven year floating rate notes in November 2015, raising P237.7million from the P1billion medium term note programme