FNB Botswana profit after tax down 2% in FY2021

By Published On: September 13th, 2021Categories: Corporate announcement, Earnings

First National Bank of Botswana Limited (FNBB.bw) 2021 Abridged Report

ECONOMIC UPDATE

Global Economic Overview

A vaccine-inspired recovery

Global economic activity continues to broadly maintain a pattern of steady recovery from the COVID-19 economic shock, although not expected to reach pre-pandemic levels in the near future.The World Bank forecasts global growth to recover to 5.6% in 2021 before moderating to 4.3% in 2022. There remains the risk from delays in the vaccine roll-outs in many parts of the world and from new variants triggering further waves of infection, leading in turn to sporadic lockdowns and an uneven restoration of sectorial and regional activity. While the latter would weigh