Botswana Savings Bank
Encyclopedia
Botswana Savings Bank BSB, is a financial services organization in Botswana
. It is licensed as a development bank
by the Bank of Botswana
, the national banking regulator.
. Established in 1992 by act of parliament, the bank offers savings accounts, mortgage loans, automobile loans and other secured loans to its customers. The Bank is a member of the World Savings Banks Institute. According to the Bank of Botswana
, Botswana Savings Bank had an asset base of approximately US$73 million (BWP:480 million) as of December 2009.
and another in Francistown
. In addition, BSB has a partnership agreement with BotswanaPost
to offer banking services through over 120 postal outlets throughout the country.
Botswana
Botswana, officially the Republic of Botswana , is a landlocked country located in Southern Africa. The citizens are referred to as "Batswana" . Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966...
. It is licensed as a development bank
Development bank
The phrase development bank may refer to:* Community development banks fund low-income areas in the United States* Multilateral Development Bank provide financing for international development...
by the Bank of Botswana
Bank of Botswana
The Bank of Botswana is the central bank of Botswana.When Botswana gained independence from Britain in 1966, the country was part of the Rand Monetary Area. In 1974 Botswana withdrew from the RMA, and the Bank of Botswana and Financial Institution Acts established the legal framework for a central...
, the national banking regulator.
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 BotswanaBotswana
Botswana, officially the Republic of Botswana , is a landlocked country located in Southern Africa. The citizens are referred to as "Batswana" . Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966...
. Established in 1992 by act of parliament, the bank offers savings accounts, mortgage loans, automobile loans and other secured loans to its customers. The Bank is a member of the World Savings Banks Institute. According to the Bank of Botswana
Bank of Botswana
The Bank of Botswana is the central bank of Botswana.When Botswana gained independence from Britain in 1966, the country was part of the Rand Monetary Area. In 1974 Botswana withdrew from the RMA, and the Bank of Botswana and Financial Institution Acts established the legal framework for a central...
, Botswana Savings Bank had an asset base of approximately US$73 million (BWP:480 million) as of December 2009.
Branches
The bank maintains two (2) branches; one in GaboroneGaborone
' is the capital and largest city of Botswana with a population of 191,776 based on a 2006 survey, about 10% of the total population of Botswana....
and another in Francistown
Francistown
Francistown or Nyangabgwe is the second largest city in Botswana, with a population of about 85,363, and often described as the "Capital of the North". It is located in eastern Botswana, about north-northeast from the capital, Gaborone...
. In addition, BSB has a partnership agreement with BotswanaPost
BotswanaPost
BotswanaPost is the company responsible for postal service in Botswana. It is a parastatal company, 100% owned by the Government of Botswana, under the Ministry of Communications, Science and Technology.-History:...
to offer banking services through over 120 postal outlets throughout the country.
External links
See also
- Location of BSB Headquarters At Wikimapia.org
- List of banks in Botswana
- List of commercial banks in Botswana
- BotswanaPostBotswanaPostBotswanaPost is the company responsible for postal service in Botswana. It is a parastatal company, 100% owned by the Government of Botswana, under the Ministry of Communications, Science and Technology.-History:...