Local statutory and commercial banks breaking rules
The Banking Supervision Report has raised a number of concerns regarding the operations of the country’s three statutory banks.
Statutory banks are those that have been formed through an Act of Parliament.
Currently these include: National Development Bank (NBD), Botswana Savings Bank (BSB) and Botswana Building Society Limited (BBSL).
The report, published annually by Bank of Botswana (BoB), presents information on regulation and supervision, as well as the structure and performance of the banking sector.
In 2018, BoB notes ...
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