Influx of financial services in Maun
Financial services players continue to be attracted to the resort town of Maun as new banking facilities open in the tourism capital. Two banking facilities, First Capital Bank corporate branch and Botswana Savings Bank (BSB) were officially launched by the Minister of Finance and Economic Development in Maun, an indication of resilience in the banking sector despite uncertainties on the economy caused by the pandemic.
“Despite the negative impact of the COVID-19 outbreak, the financial sector remained resilient in terms of performance. “The banking sector grew by 3.7 percent in 2020 compared to 2019 while the non-banking sector grew by 3.7 percent in 2020 against 4, 1 percent in 2019,” said, Finance and Economic Development Minister, Peggy Serame.
She applauded the new facilities for propping up the National Financial
Roadmap and Strategy, which aims at improving inclusive growth of the economy accompanied with improved livelihoods of citizens. Sharing the Minister’s sentiments on development, BSB Chief Executive Officer, Nixon Marumoloa said his bank is committed to be part of the government’s efforts of developing the local economy. “We are committed to delivering our financial inclusion mandate for our customers and communities. “This is done by following through a more creative outlook to business, creating an environment that is conducive for relentless innovation; maintaining market relevance and leadership, excellent in service delivery as well as increasing our physical proximity to customers,” said Marumola.
Marumola said through the 124 Post Offices countrywide, the bank has managed to actualize its expansion strategy and extend services far and wide across the country.