Botswana Savings Bank (BSB) reported a liquidity asset ratio of 20 percent for the fiscal year ending March 31, 2024, marking a decrease from 27 percent the previous year. Despite this dip in liquidity, BSB achieved exceptional financial performance across other areas, with a notable 258 percent increase in profit after tax to P23.3 million, up from P6.5 million in the prior year. This decline in liquidity aligns with BSB’s strategic capital deployment, aimed at fueling business expansion while maintaining regulatory compliance, which requires a minimum liquidity asset ratio of 10 percent.
There's more to this story
But to keep reading, we need you to subscribe.
Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.
You can subscribe for one week, a month or a full year - the choice is yours.
Save 77% on an annual subscription. Click here to find out how.
Existing subscribers can log in to keep reading here.
