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Banking Industry Botswana

The Banking Industry in Botswana 2021

Charles Chinya | Botswana | 13 October 2021

The Banking Industry in Botswana 2020

Louise Mitchell | Botswana | 17 January 2020

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Report Coverage

This report on the banking sector in Botswana covers financial institutions including banks, other credit granting, lease financing, and loyalty and reward programmes, as well as central banking. It includes information on the state and size of the sector, regulation, developments and corporate actions. There are profiles of 23 companies including ABSA Botswana, African Banking Corporation of Botswana (trading as Banc ABC), First National Bank of Botswana, Stanbic and Standard Chartered, government-owned developmental finance institutions such as Botswana Savings Bank, National Development Bank and Botswana Development Corporation and savings and credit cooperative societies such as Maitlamo, Motswedi and Thuto.

The Banking Sector in Botswana

Botswana’s Banking industry is an increasingly important sector in terms of the supporting role it plays in the development of other sectors of the economy. The banking industry in Botswana is composed of commercial banks and a single building society and development finance and microfinancing institutions. All of the licensed commercial banks are majority foreign-owned, and five large banks dominate the sector. With eight licensed commercial banks, and less than 200 branches and 542 ATMs, most analysts see opportunities for growth and expansion. However, there have been no new banks licensed since 2013.

Microlending

The microlending sector, including microlenders, pawnshops, financing and leasing is growing, as is evidenced by the almost 10% increase in the number of licensed players between 2019 and 2020. There is scope for growth in the microlending sector as more people seek financial inclusion.

Financial Inclusion

The Government of Botswana developed the Financial Inclusion Strategy that runs from 2015 to 2021, through a multi-country initiative, Making Access Possible, and was committed to reducing the percentage of financially-excluded people from 24% to 12% by end of 2021. The strategy’s priority areas include the payment ecosystem, access to low cost saving products, the working of the credit market, accessible risk mitigation products, consumer empowerment, and protection and financial literacy.

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The Banking Industry in Botswana 2021

Full Report

R 6 500.00(ZAR) estimated $342.79 (USD)*

Industry Overview

R 4 550.00(ZAR) estimated $ 239.95 (USD)*

Historical Reports

The Banking Industry in Botswana 2020-01-17

R 1 900.00(ZAR) estimated $100.20 (USD)*

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Table of Contents

[ Close ]
PAGE
1. INTRODUCTION 1
2. COUNTRY INFORMATION 1
3. DESCRIPTION OF THE INDUSTRY 3
3.1. Industry Value Chain 7
3.2. Geographic Position 8
4. SIZE OF THE INDUSTRY 8
5. STATE OF THE INDUSTRY 12
5.1. Local 12
5.1.1. Corporate Actions 16
5.1.2. Regulations 16
5.1.3. Enterprise Development and Social Economic Development 18
5.2. Continental 19
5.3. International 24
6. INFLUENCING FACTORS 28
6.1. Coronavirus 28
6.2. Economic Environment 29
6.3. Financial Inclusion 30
6.4. Rising Input Costs 31
6.5. Technology, Research and Development (R&D) and Innovation 32
6.6. Government Incentives and Support 33
6.7. Cybercrime 33
6.8. Environmental Concerns 34
6.9. Labour 34
7. COMPETITION 36
7.1. Barriers to Entry 36
8. SWOT ANALYSIS 2
9. OUTLOOK 2
10. INDUSTRY ASSOCIATIONS 3
11. REFERENCES 3
11.1. Publications 3
11.2. Websites 40
APPENDIX 1 41
Summary of Notable players 41
COMPANY PROFILES 44
ABSA BANK BOTSWANA LTD 44
AFRICAN BANKING CORPORATION OF BOTSWANA LTD 48
AFRITEC (PTY) LTD 51
BANK GABORONE LTD 53
BANK OF BARODA (BOTSWANA) LTD 56
BANK OF BOTSWANA 58
BANK SBI BOTSWANA LTD 61
BBS LTD 63
BOTSWANA DEVELOPMENT CORPORATION LTD 66
BOTSWANA HOUSING CORPORATION 71
BOTSWANA SAVINGS BANK 74
CITIZEN ENTREPRENEURIAL DEVELOPMENT AGENCY 77
FIRST CAPITAL BANK BOTSWANA LTD 80
FIRST NATIONAL BANK OF BOTSWANA LTD 83
FIRSTCRED LTD 88
LETSHEGO FINANCIAL SERVICES (PTY) LTD 91
MAITLAMO SAVINGS AND CREDIT COOPERATIVE SOCIETY LTD 94
MONEY QUEST INVESTMENT (PTY) LTD 96
MOTSWEDI SAVINGS AND CREDIT CO-OPERATIVE SOCIETY 99
NATIONAL DEVELOPMENT BANK 101
STANBIC BANK BOTSWANA LTD 104
STANDARD CHARTERED BANK BOTSWANA LTD 108
THUTO SACCOS LTD 112

Report Coverage

This report on the banking industry in Botswana includes information on the state and size of the industry and the factors that influence it including economic conditions, regulation and corporate actions. There are comprehensive profiles of 19 companies in the sector including Standard Chartered, which launched Botswana’s first digital retail bank in 2019. Other profiles include BBS, which listed on the over the counter Serala exchange in 2018, Letshego, the leading microlender and development institutions such as Botswana Development Corporation and the National Development Bank.

The Banking Sector in Botswana

This report on Botswana’s financial institutions include banks, other credit granting, lease financing, and loyalty and reward programmes, as well as central banking. The country has ten commercial banks that are all foreign-owned and four are listed on the Botswana Stock Exchange. Non-bank finance institutions include microlenders, pawnshops, and finance and leasing companies. With ten commercial banks, just over 500 ATMs and less than 200 branches serving an adult population of about 1.5 million people, most analysts see opportunity for expansion.

Steady Performance

Despite these opportunities, no new banks have entered the sector since 2012, and commentators have indicated that outdated regulation and the dominance of foreign-owned commercial banks are factors that potentially keep new entrants out. The microlending sector, on the other hand, is growing and has the potential to increase financial inclusion. Large commercial banks continue to introduce more technologies and are moving towards branchless banking. Latest available industry statistics to 2018 reflect a stable, adequately-capitalised banking sector which experienced growing customer deposits and improved profitability.

Lease Financing

Botswana has a developed auto market with a high consumer purchasing power and good quality road infrastructure. Increased personal consumption is expected to drive growth in car sales. Growth is also expected in commercial vehicle sales as government promotes increased spending on major capital development projects.

Read More..
The Banking Industry in Botswana 2020

Full Report

R 1 900.00(ZAR) estimated $100.20 (USD)*

Industry Overview

R 1 330.00(ZAR) estimated $ 70.14 (USD)*

Historical Reports

The Banking Industry in Botswana 2021-10-13

R 6 500.00(ZAR) estimated $342.79 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
PAGE
1. INTRODUCTION 4
2. COUNTRY INFORMATION 4
3. DESCRIPTION OF THE INDUSTRY 5
3.1. Industry Value Chain 11
3.2. Geographic Position 12
4. SIZE OF THE INDUSTRY 13
5. STATE OF THE INDUSTRY 17
5.1. Local 17
5.1.1. Corporate Actions 21
5.1.2. Regulations 21
5.1.3. Enterprise Development and Social Economic Development 23
5.2. Continental 24
5.3. International 30
6. INFLUENCING FACTORS 33
6.1. Economic Environment 33
6.2. Government Initiatives 33
6.3. Financial Inclusion 34
6.4. HIV/AIDS 35
6.5. Operating Costs 35
6.6. Information Technology (IT), Research & Development and Innovation 36
6.7. Labour 37
6.8. Environmental, Social and Governance (ESG) Factors 38
6.9. Cybercrime 39
7. COMPETITION 40
7.1. Barriers to Entry 40
8. SWOT ANALYSIS 41
9. OUTLOOK 42
10. INDUSTRY ASSOCIATIONS 42
11. REFERENCES 43
11.1. Publications 43
11.2. Websites 43
APPENDIX 1 45
Summary of Notable players 45
COMPANY PROFILES 48
AFRICAN BANKING CORPORATION OF BOTSWANA LTD 48
BANK GABORONE LTD 52
BANK OF BARODA (BOTSWANA) LTD 54
BANK OF BOTSWANA 56
BANK SBI BOTSWANA LTD 58
BARCLAYS BANK OF BOTSWANA LTD 60
BBS LTD 64
BOTSWANA DEVELOPMENT CORPORATION LTD 67
BOTSWANA HOUSING CORPORATION 72
BOTSWANA SAVINGS BANK 75
CITIZEN ENTREPRENEURIAL DEVELOPMENT AGENCY 78
FIRST CAPITAL BANK LTD 81
FIRST NATIONAL BANK OF BOTSWANA LTD 84
GETBUCKS LTD 89
LETSHEGO FINANCIAL SERVICES (PTY) LTD 91
MAITLAMO SAVINGS AND CREDIT COOPERATIVE SOCIETY LTD 93
MOTSWEDI SAVINGS AND CREDIT CO-OPERATIVE SOCIETY 95
NATIONAL DEVELOPMENT BANK 97
STANBIC BANK BOTSWANA LTD 100
STANDARD CHARTERED BANK BOTSWANA LTD 104