Absa Bank Botswana: profit jumps 36% in the first half of 2022


Absa Bank Botswana (ABB), a commercial bank operating in Botswana, reported net profit before tax of P395 million (US$30 million) in the first half of 2022, up 36%, according to recently released financial results. This performance is mainly due to the increase in net interest income (8%) and the reduction in credit losses (72%). Regarding trading income and net fees and commission income, they increased by 42% and 7% respectively. "Despite a very difficult economic context marked by rising inflation, our establishment has been able to