Find Banking and Financial Services expertise in Botswana

Banks

The banking industry in Botswana has become an increasingly significant part of the economy, in its own right and in relation to the support it provides for development of other sectors. The sector has experienced solid growth – during the period 1995/96 to 2007/8 it grew in real terms by 11.3% a year on average, in comparison to overall real economic growth averaging 5.5% a year during this time. In terms of assets the banking sector dominates the financial sector, although other institutions, such as pension funds, saw rapid growth in the decade leading up to 2011. These years experienced significant positive developments which saw enhanced competition, innovations in products and service delivery, and greater choice for customers, both within and outside the banking sector. There are seven commercial banks – the Bank of Baroda, Barclays Bank of Botswana, First National Bank Botswana, Stanbic Bank, Standard Chartered Bank Botswana, Bank Gaborone and Capital Bank and one investment bank, the African Banking Corporation (2010). In addition to this there is one offshore bank, Kingdom Bank Africa Ltd, and one offshore bank holding company, African Banking Corporation Holdings, one statutory deposit-taking institution and one building society. The Botswana International Financial Services Centre (IFSC) was set up in 2003 to facilitate the delivery of cross-border financial services and enhance the participation of foreign-based financial services companies in Botswana’s economy. The non-bank financial institutions include insurers, pension funds, asset managers, credit institutions, microfinance institutions, collective investment undertakings, three statutory development finance institutions, statutory funds and the Public Debt Service Fund.

Banking and Financial Services organisations in Botswana
ABC Bank
Acctech Botswana
Africa Alliance
African Banking Corporaation
African Banking Corporation
Alexander Forbes Financial Services Botswana Ltd
Bank Gaborone
Bank of Baroda
Bank of Botswana
Barclays Bank
Botswana Building Society
Capital Bank Ltd
Delele Ltd
EZEE Financial Services Ltd
Fincraft Ltd
First National Bank
International Financial Services Centre
Investec Bank Ltd
Kingdom Bank Africa
Letsema Financial Services
Micro Financial Services
Mondial Financial Services
National Development Bank
Stanbic Bank
Standard Chartered Bank
Tswelelo Ltd
Veritas Financial Services

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