Botswana Savings Bank has been awarded the winner of the 2023 Best Savings Bank
in Botswana Award by International Business Magazine (UAE).
The Bank was recognised for its strides in the local market by excelling under the
following criteria:

• A bank garnering maximum trust in the banking system of Botswana.
• Creating an ecosystem of financial inclusion for Batswana.
• Provision of banking services that play a significant role in the development
  of Botswana.
• A bank renowned for being a trusted financial services provider in
  Botswana.
  Core to its business strategy is to promote and mobilise savings amongst the
  people of Botswana and its customers. The Bank has steadily driven growth in
  customer savings over the years. In the 2022 financial year, customer savings
  increased by 7% to the value of P2.74 billion (2021: P2.56 billion). The loans and
  advances also increased from P2.40 billion to P2.70 billion in the same period. The
  Bank has directed considerable investment into the enhancing of its digital
  channels, including expanding its automated service points, with the intent to
  increase awareness and influence customer behaviour towards savings.
  In terms of the savings products, BSB’s efforts are well represented in the diverse,
  affordable, and attractive savings products that cater for different customer
  segments. The Bank offers various savings products such as Sesigo Savings
  Account, Save As you Earn, Ordinary Savings Account and Fixed Deposit Account.
  All of which have been tailored to suit various needs and remain affordable across
  segment of clients, with the lowest having a minimum balance of P50.00 or any
  affordable amount.
  The attractive features of the diverse and affordable savings products bring
  diversity to the Banks product portfolio and making them competitive to the
  market.
  Over and above the lucrative rates, the tax exemption on BSB savings products,
  gives clients an advantage on returns, as their interest earned will not be taxed,
  thus directly earned by the client.
  In 2021, Botswana Savings Bank was chosen a winner of the 2021 Best Savings Bank in
  Botswana Award honoured by the Global Banking and Finance Review 2021. This is a
  clear indication of the Bank’s unwavering commitment in cultivating the culture of
  savings and driving its mandate of financial inclusivity in Botswana.
  Botswana Savings Bank Chief Executive Officer, Nixon Marumoloa noted that, the
  developing of products and services which are accessible, inclusive and savings-
  conscious is vital for the Bank’s delivery on it’s mandate. This is in order that BSB
  customers experience convenient banking whilst also experiencing growth from
  using the Bank’s competitive savings products, which empower clients to invest in
  their future ambitions and generations.
  “I greatly commend my team and it is a great honour for us to receive this award.
  We are delighted to be recognised for our passionate approach to supporting the
  national development agenda as a trusted Botswana bank.” noted Mr Marumoloa.
  -End-
  For more information please contact:
  Bomolemo Selaledi
  Head of Marketing and Corporate Affairs
  Email: bselaledi@bsb.bw Cell: 75898401 Tel:3670000
  ABOUT INTERNATIONAL BUSINESS MAGAZINE
  International Business Magazine is a Dubai-based media company which
  reports on the latest business trends, movements, insights and industry
  discussions across international markets. The magazine pages adorn the
  most innovative companies in its sector and opinions from the world’s top
  business leaders. It has been appreciated and has been acknowledged by
  some of the top-tier organizations and honourable entrepreneurs across
  the globe.
  ABOUT BOTSWANA SAVINGS BANK
  Botswana Savings Bank was established by an Act of Parliament, the
  Botswana Savings Bank Act of 1992. The Bank is a wholly Botswana
  Government-owned Bank, mandated to provide banking and financial
  services for all people of Botswana. BSB has a large footprint across
  Botswana consisting of a combination of Independent, Smart and Co-
  Branded branches, providing both savings & loan products through the
  provision of affordable financial solutions. BSB has plays a pivotal role in
  taking banking services to the unbanked population. Botswana Savings Bank
  is a member of the World Savings Bank Institute (WSBI), based in Brussels
  (Belgium)