Banks stay profitable, but expensive funding eats into Q1:2026 earnings

Botswana’s banking sector remained firmly profitable in the first quarter of 2026, but rising funding costs and growing credit risk pressures weighed on earnings, signalling a more challenging operating environment for lenders.

According to Bank of Botswana data, the country’s nine commercial banks posted a combined net profit of P851.5 million in the three months to March, down 13.8 percent from P988.1 million in the same period last year.

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