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    FNBB   BW0000000066

FIRST NATIONAL BANK OF BOTSWANA LIMITED

(FNBB)
  Report
End-of-day quote Botswana Stock Exchange  -  2023-02-05
3.500 BWP    0.00%
02/03First National Bank Of Botswana : TRADING STATEMENT – 2022/2023 INTERIM FINANCIAL RESULTS
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2022Botswana central bank holds main policy rate, sees inflation decline
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Botswana central bank holds main policy rate, sees inflation decline

12/01/2022 | 06:45am EST
FILE PHOTO: People cross rail tracks in the Central Business District (CBD), in the capital Gaborone

GABORONE (Reuters) -Botswana's central bank kept its monetary policy rate unchanged at 2.65% on Thursday, saying it saw inflation gradually falling back within its target range by 2024.

Botswana's consumer inflation dipped to 13.1% year on year in October from 13.8% in September, but is still far above the central bank's 3%-6% preferred band.

"The drop in inflation in the past months is due to the dissipating effects of previous increases in administered prices," Bank of Botswana Governor Moses Pelaelo told a news conference. "The domestic economy will continue to perform below capacity in the medium term and therefore not pose any inflationary pressures."

The bank currently forecasts inflation will fall back within the 3%-6% range in third quarter of 2024.

(Reporting by Brian BenzaWriting by Alexander WinningEditing by Bernadette Baum)


ę Reuters 2022
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Financials
Sales 2022 2 504 M 193 M 193 M
Net income 2022 927 M 71,5 M 71,5 M
Net cash 2022 5 226 M 403 M 403 M
P/E ratio 2022 7,27x
Yield 2022 9,81%
Capitalization 8 903 M 690 M 686 M
EV / Sales 2021 -0,97x
EV / Sales 2022 0,61x
Nbr of Employees 1 460
Free-Float 28,4%
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Managers and Directors
Steven Lefentse Bogatsu Chief Executive Officer & Executive Director
Luke Woodford Chief Financial Officer & Executive Director
Balisi Mohumi Bonyongo Chairman
Moses McGeoff Chief Information Officer
Mathews Tito Phetogo Chief Operating Officer