Access Bank Botswana posted a profit before tax of P59.9 million, a marginal increase from P59.6 million in the same period last year.
Net profit rose 3% year-on-year to P41.3 million, reflecting stability even as impairments surged due to macroeconomic pressures.
Total non-interest income grew by 27%, rising to P171.5 million from P135.5 million, boosted by increased transaction volumes and digital banking uptake. Trading income climbed 41%, underscoring the bank’s growing presence in digital and transaction-led banking services.
Meanwhile, net interest income dipped slightly by 1% to P208.4 million, constrained by elevated funding costs and market liquidity challenges. Nevertheless, Access Bank said its diversified lending portfolio and prudent liquidity management helped cushion the impact.
The bank’s operating expenses fell 3% to P276.5 million, reflecting cost containment measures and synergies from being part of the Access Bank Group. Its cost-to-income ratio improved to 72.8%, down from 82.3% last year.
On the balance sheet, total assets stood at P10.1 billion, nearly flat compared to December 2024. Gross loans grew 14% to P6.8 billion, driven by new strategic relationships, while customer deposits fell 6% to P6.8 billion amid tight market liquidity.
Access Bank Botswana maintained a capital adequacy ratio of 21.8%, comfortably above the 12.5% regulatory minimum, positioning it for future growth.
“Despite Botswana’s contracting economy and declining diamond revenues, our performance reflects resilience, effective cost management, and the success of our digital transformation,” said Managing Director Sheperd Aisam.