First National Bank Botswana (FNBB) says its overall profit before tax for the 12-month period ended 30 June 2022 will be higher than that reported in the previous corresponding period by between 30 percent and 35 percent.
According to the bank, this will be in number terms an increase of between P270 million and P315 million compared to the profit before tax for the corresponding period ended 30 June 2021, which was P901 million.
However, in a trading statement to its shareholders, the bank noted that external auditors have not audited the financial information on which the statement is based, saying full details will be provided to shareholders at the time of the announcement of the audited financial results for the 12-month period ended June 2022.
According to the bank, the audited financial results are due for release on 15 September 2022.
In issuing the trading statement, FNBB was fulfilling the listing requirements of the Botswana Stock Exchange (BSE), which require a listed company to announce, through the BSE and the press, any likely or anticipated material change to the financial results for the next reporting period.
The bank is a financial services institution providing products and solutions for personal, business and private clients in Botswana.
Its personal banking division offers the standard range of transaction products as well as student accounts, overdrafts and loans and online banking products.
The business banking division offers additional services such as purchase order finance, premium credit facilities and commercial property loans while the private banking division offers wealth and advisory services and structured lending services.