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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

FNB Botswana

FNBB · Botswana Stock Exchange · Consolidated statements

On this page
Company details
Legal name
First National Bank of Botswana Limited
Listing
FNBB on the Botswana Stock Exchange, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 June

Overview

Year ended 30 June 2023 · annual report, signed / final · source

  • Net interest income

    BWP 1.48 billion

    1,481,583 BWP thousands · p89

    +27.3% vs 2022

    Interest income less interest expense, as printed.

  • Income from operations before operating expenditure

    BWP 2.87 billion

    2,874,930 BWP thousands · p89

    +14.8% vs 2022

    The bank's own total of its income lines before credit impairment and operating expenses, under its printed label. What it includes differs between banks; it is not revenue.

  • Profit / (loss) for the year

    BWP 1.12 billion

    1,115,772 BWP thousands · p89

    +20.4% vs 2022

  • Total assets

    BWP 30.1 billion

    30,057,726 BWP thousands · p90

    +8.7% vs 2022

  • Customer deposits

    BWP 23.3 billion

    23,333,051 BWP thousands · p90

    +9.3% vs 2022

  • Total equity

    BWP 3.73 billion

    3,726,835 BWP thousands · p90

    +12.1% vs 2022

Large amounts are rounded for reading (BWP million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in BWP thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 30 Jun 2023 — annual report, signed / final; reported for the year · source
  • FY to 30 Jun 2022 — annual report, signed / final; comparative in the FY to 30 Jun 2023 filing · source

Income statement

Income statement, BWP thousands. Columns: FY to 30 Jun 2023 — annual report (signed / final), as reported for the year; FY to 30 Jun 2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY to 30 Jun 2023Annual reportreported for the yearFY to 30 Jun 2022Annual reportcomparative in FY to 30 Jun 2023 filing
Interest income and similar income using effective interest rate 1,950,758 1,432,283
Interest expenses and similar charges (469,175) (268,455)
Net interest income before impairment of advances 1,481,583 1,163,828
Impairment of advances (93,557) (50,297)
Net interest income after impairment of advances1 1,388,026 1,113,531
Fee and commission income 1,366,975 1,273,742
Fee and commission expense (253,021) (226,818)
Other income 372,950 343,731
Non-interest income and expense (unlabelled subtotal) 1,486,904 1,390,655
Income from operations before operating expenditure 2,874,930 2,504,186
Operating expenses (710,067) (651,221)
Employee benefits expenses (725,879) (628,007)
Income before taxation2 1,438,984 1,224,958
Indirect taxation3 (19,108) (26,047)
Profit before direct taxation 1,419,876 1,198,911
Direct taxation (304,104) (272,168)
Profit for the year attributable to owners of the company 1,115,772 926,743
Other comprehensive income –4 –4
Total comprehensive income for the year attributable to owners of the company 1,115,772 926,743
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (3)
  1. “Net interest income after impairment of advances” is an issuer-specific line, not mapped to a shared definition: Issuer subtotal: net interest income less impairment of advances.
  2. “Income before taxation” is an issuer-specific line, not mapped to a shared definition: Issuer subtotal before indirect taxation (VAT and similar, note 7).
  3. “Indirect taxation” is an issuer-specific line, not mapped to a shared definition: Note 7: indirect taxation, deducted before 'Profit before direct taxation'.

Balance sheet

Balance sheet, BWP thousands. Columns: FY to 30 Jun 2023 — annual report (signed / final), as reported for the year; FY to 30 Jun 2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY to 30 Jun 2023Annual reportreported for the yearFY to 30 Jun 2022Annual reportcomparative in FY to 30 Jun 2023 filing
Cash and short-term funds1 6,715,040 6,198,095
Derivative financial instruments 36,897 41,114
Advances to customers 16,274,676 15,081,463
Investment securities 5,972,948 5,354,595
Current taxation 88,368 82,299
Due from related parties2 6,804 6,563
Other assets 369,882 328,706
Investments in subsidiaries3 –4 –4
Property and equipment 566,148 533,669
Goodwill5 26,963 26,963
Total assets 30,057,726 27,653,467
Derivative financial instruments 25,623 28,632
Accrued interest payable6 40,922 21,739
Due to related parties7 72,460 24,775
Creditors and accruals8 781,428 584,531
Deposits from banks 849,454 888,862
Deposits from customers 23,333,051 21,347,612
Employee benefits liabilities9 116,915 98,227
Borrowings 1,100,887 1,329,454
Deferred taxation 10,151 6,336
Total liabilities 26,330,891 24,330,168
Share capital 51,088 51,088
Reserves 3,167,007 2,865,219
Dividend reserve10 508,740 406,992
Total equity 3,726,835 3,323,299
Total Equity and Liabilities 30,057,726 27,653,467
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (9)
  1. “Cash and short-term funds”: mapping to a shared definition is uncertain. Cash and short-term funds (note 11), the bank's cash line; it may include balances with the central bank.
  2. “Due from related parties” is an issuer-specific line, not mapped to a shared definition: Note 16.
  3. “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 18: a Company-only line; the Group columns print dashes.
  4. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 20.
  5. “Accrued interest payable” is an issuer-specific line, not mapped to a shared definition: Liability line on the statement of financial position.
  6. “Due to related parties” is an issuer-specific line, not mapped to a shared definition: Note 16.
  7. “Creditors and accruals”: mapping to a shared definition is uncertain. Creditors and accruals (note 24); the accounting policies state the lease liability is presented in this line (PDF p79).
  8. “Employee benefits liabilities” is an issuer-specific line, not mapped to a shared definition: Note 25.
  9. “Dividend reserve” is an issuer-specific line, not mapped to a shared definition: Final dividend proposed, held in a reserve until paid (statement of changes in equity).

Cash flow

Cash flow, BWP thousands. Columns: FY to 30 Jun 2023 — annual report (signed / final), as reported for the year; FY to 30 Jun 2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY to 30 Jun 2023Annual reportreported for the yearFY to 30 Jun 2022Annual reportcomparative in FY to 30 Jun 2023 filing
Cash used in operations before taxation and working capital changes1 (110,495) (186,889)
Interest and similar income received 1,949,109 1,425,230
Interest and similar expense paid2 (445,412) (262,551)
Taxation paid (306,358) (421,884)
Cash flows before movements in operating assets and liabilities (unlabelled subtotal)3 1,086,844 553,906
Movement in amounts due to other banks4 (39,408) 398,709
Movement in deposits from customers5 1,985,439 (48,445)
Movement in amounts due to related parties6 47,685 (318)
Movement in accrued interest payable7 208 (353)
Movement in creditors and accruals8 196,555 (102,653)
Movement in employee benefits liabilities9 18,688 4,340
Movement in investments - fair value through profit or loss10 14,539 53,071
Movement in investments - amortised cost11 (33,764) (618,364)
Movement in advances to customers12 (1,285,121) (1,482,680)
Movement in advances to banks13 –14 217,957
Movement in other assets15 (41,176) 77,952
Movement in amounts due from related companies16 (241) 989
Cash flows from/(used in) operating activities 1,950,248 (945,889)
Acquisition of property and equipment (85,870) (46,859)
Borrowings raised –17 183,190
Repayment of borrowings (236,746) (389,398)
Finance lease interest (4,788) (5,172)
Finance lease payments (25,582) (24,327)
Dividends paid (712,236) (1,500,783)
Net cash used in financing activities (979,352) (1,736,490)
Cash movement for the year 885,026 (2,729,238)
Cash and cash equivalents at the beginning of the year 7,097,680 9,470,080
Effect of exchange rate movement on cash balances 231,047 356,838
Total cash and cash equivalents at end of the year 8,213,753 7,097,680
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (15)
  1. “Cash used in operations before taxation and working capital changes” is an issuer-specific line, not mapped to a shared definition: Note 30.
  2. “Interest and similar expense paid” is an issuer-specific line, not mapped to a shared definition: Operating activities: interest paid on deposits and other funding.
  3. “Cash flows before movements in operating assets and liabilities (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal before 'Movement in operating assets and liabilities'.
  4. “Movement in amounts due to other banks” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.
  5. “Movement in deposits from customers” is an issuer-specific line, not mapped to a shared definition: Note 33.
  6. “Movement in amounts due to related parties” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.
  7. “Movement in accrued interest payable” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.
  8. “Movement in creditors and accruals” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.
  9. “Movement in employee benefits liabilities” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.
  10. “Movement in investments - fair value through profit or loss” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.
  11. “Movement in investments - amortised cost” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.
  12. “Movement in advances to customers” is an issuer-specific line, not mapped to a shared definition: Note 34.
  13. “Movement in advances to banks” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.
  14. “Movement in other assets” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.
  15. “Movement in amounts due from related companies” is an issuer-specific line, not mapped to a shared definition: Operating assets and liabilities movement.

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2023 — annual report (signed / final), as reported for the year; FY to 30 Jun 2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY to 30 Jun 2023Annual reportreported for the yearFY to 30 Jun 2022Annual reportcomparative in FY to 30 Jun 2023 filing
Earnings / (loss) per share (per share)3 0.43861 0.36432
  1. Printed as 43.86 thebe; value converted to BWP at 100 thebe = 1 BWP.
  2. Printed as 36.43 thebe; value converted to BWP at 100 thebe = 1 BWP.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic earnings per share (thebe)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
30 Jun 2023 Dividends paid (cash flow statement) Dividends paid (712,236) BWP thousands Annual report, p91
30 Jun 2022 Dividends paid (cash flow statement) Dividends paid (1,500,783) BWP thousands Annual report, p91

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • First National Bank of Botswana Limited 2023 Integrated Report (Consolidated and Separate Financial Statements for the year ended June 30, 2023)

    Year ended 30 June 2023 · Annual report · signed / final

    Audit: Deloitte & Touche (Firm of Certified Auditors, Gaborone), unmodified opinion · signed

    Auditor's sign-off: Deloitte & Touche; Practicing Member: Pragnaben Naik (CAP 007 2023)

    Final status: The independent auditor's report (PDF pp75-77, folios 146-150) closes with a handwritten 'Deloitte + Touche' signature above 'Deloitte & Touche, Firm of Certified Auditors, Practicing Member: Pragnaben Naik (CAP 007 2023)', dated '08 September 2023, Gaborone' (PDF p77, page image). The directors' approval of the financial statements (approved September 08, 2023) carries handwritten signatures above Balisi Bonyongo (Chairman) and Steven L. Bogatsu (Chief Executive Officer) (PDF p73, folio 143, page image).

    Document date
    8 Sep 2023
    Auditor's report
    8 Sep 2023
    Board approval
    8 Sep 2023
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2023, FY to 30 Jun 2022
    Basis
    consolidated statements · BWP thousands (printed “P '000”)
    • Key audit matter: 'Impairment of Advances (Consolidated and Separate)' (PDF p75). No emphasis of matter, other matter or material uncertainty related to going concern paragraph is printed.
    • The directory name is 'First National Bank Botswana Limited'; the statements print 'First National Bank of Botswana Limited (Registration number BW00000790476)' (PDF p72) and the page footers print 'First National Bank Botswana Limited 2023 Integrated Report'. Same legal entity (registration number printed).
    • The auditor's report says the financial statements are 'set out on pages 151 to 173' (PDF p75), which are the folios of the significant accounting policies; the primary statements are on folios 174-178 and the directors' statement refers to 'pages 140 to 242' (PDF p73).
    • Cash and cash equivalents at end of the year (8,213,753; note 36) differ from 'Cash and short-term funds' on the statement of financial position (6,715,040); the composition is in note 36.
    • Each statement prints Group and Company columns (Group 2023, 2022, Company 2023, 2022); the Group columns are transcribed. The statement of financial position is presented in order of liquidity, with no current/non-current split (p90). The non-interest income subtotal (1,486,904) is unlabelled (p89). The income statement heading reads 'AS AT JUNE 30, 2023' (p89). Investing activities print one line and no subtotal (p91). The PDF is laid out as two-page spreads.
    • Earnings per share is printed in thebe (43.86; 2022: 36.43; diluted identical, p89); stored in pula with the printed figure and unit kept. Other comprehensive income is printed as nil ('-').
    Technical details
    File
    130 pages, with a text layer
    SHA-256
    bd9e1e38ca0ca504cfc9729ce629465cf96d2933e62a63f04e1c9d8a403c2fa0
    Entity as printed
    First National Bank of Botswana Limited (Registration number BW00000790476) and its subsidiaries (PDF p72)
    Exchange copy
    retrieved 2026-10-08T18:17:34Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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