US EditionBoB profits dip as reserves plunge
Summary by Sunday Standard Botswana
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BoB profits dip as reserves plunge
Sunday Standard BoB profits dip as reserves plunge The Bank of Botswana (BoB) posted a sharp decline in annual profits for the year ended December 31, 2024, as a cocktail of external shocks, shrinking reserves and weakening diamond revenues continued to weigh heavily on the central bank’s financial performance. The central bank’s latest financial statements show total comprehensive income fell to P5.8 billion, down from P8 billion in 2023. The …
·Gaborone, Botswana
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