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Reserves. 7 390 million USD [1] Bank rate. 3.75%. Website. bankofbotswana.bw. The Bank of Botswana (BoB; Tswana: Polokelo ya Madi ya Botswana) is the central bank of Botswana. When Botswana gained independence from Britain in 1966, the country was part of the Rand Monetary Area (RMA). [2] In 1974 Botswana withdrew from the RMA, and the Bank of ...
The pula (also known as the Botswana dollar) is the currency of Botswana. It has the ISO 4217 code BWP and is subdivided into 100 thebe. Pula literally means "rain" in Setswana, because rain is very scarce in Botswana—home to much of the Kalahari Desert —and therefore valuable and a blessing. [1][2] The word also serves as the national ...
This is a list of commercial banks in Botswana [1] Absa Bank Botswana. Access Bank Botswana. Bank Gaborone Limited. Bank of Baroda (Botswana) Limited. First Capital Bank Limited. First National Bank of Botswana Limited. Stanbic Bank Botswana Limited. Standard Chartered Bank Botswana Limited.
The economy of Botswana is currently one of the world's fastest growing economies, [19] averaging about 5% per annum over the past decade. [19] Growth in private sector employment averaged about 10% per annum during the first 30 years of the country's independence. After a period of stagnation at the turn of the 21st century, Botswana 's ...
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Botswana: 1.90 0.25: 22 August 2024 [17] 3.40 -1.50
Overview. BSB is a government-owned financial services organisation that mobilizes domestic savings by accepting customer deposits, grants loans on commercial terms and offers other financial services as it considers necessary to meet the needs of the people of Botswana. Established in 1992 by act of parliament, the bank offers savings accounts ...
Absa Bank Botswana is a large financial services company, serving corporate clients, high networth individuals, retail customers and small and medium enterprises.As of June 2019, the bank had assets of BWP:17,963,238,000 (US$1.609 billion), with shareholders' equity of BWP:2,103,780,000 (US$188.438 million).
The headquarters and main branch of the bank are located at First Capital House, 2nd Commercial Road, in Gaborone, the capital and largest city in Botswana. The geographical coordinates of the bank's headquarters are: 24°38'56.0"S, 25°54'14.0"E (Latitude:-24.648889; Longitude:25.903889).
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