Bank SBI Botswana Limited

Bank SBI Botswana Limited, formerly State Bank of India Botswana Limited, is a commercial bank in Botswana. It is licensed by the Bank of Botswana, the central bank and national banking regulator.[2]

Bank SBI Botswana Limited
TypePublic
Subsidiary of State Bank of India
LSE: SBID
IndustryFinancial services
FoundedJanuary 27, 2006 (2006-01-27)
Key people
Pramod Pal
Managing Director[1]
ProductsLoans, checking, savings, mortgages, debit and credit cards, wealth management, investments, etc.
Aftertax: BWP:1,212,553 (US$106,850) (2020[1])
Total assetsBWP:347,923,566 (US$30.66 million) (2020)[1]
Websitewww.sbibotswana.co.bw

Location

The headquarters and main branch of the bank are located on the 2nd Floor at the Exponential Tower, in the central business district of Gaborone, Botswana's capital city.[3] The geographical coordinates of the bank's headquarters are 24°39'07.5"S, 25°54'10.0"E (Latitude:-24.652083; Longitude:25.902778).[4]

Overview

As of 31 March 2020, Bank SBI Botswana Limited had total assets of BWP:347,923,566 (US$30.66 million), with shareholders equity of BWP:115,930,172 (US$10.22 million).[1]

History

The company was registered in Botswana as a limited liability company, on 27 January 2006. On 29 July 2013, State Bank of India (Botswana) Limited, was granted a banking licence by the Bank of Botswana.[5] It opened its first branch in Gaborone, on 26 November 2013. The name of the Bank was changed from State Bank of India Botswana Limited to Bank SBI Botswana Limited on 30 June 2015.[6]

Ownership

Bank SBI Botswana Limited is a 100 percent subsidiary of State Bank of India, a Mumbai, India-based financial services conglomerate, ose total assets exceed US$590 billion and whose shares are traded on the stock exchanges in Mumbai, Bombay and London.[7]

Governance

The bank is governed by a six-person board of directors. Subbaramaiah Ramesh Rajap, an Indian national, serves as the chairman of the board. Pramod Pal, also from India, is the Managing Director and Chief Executive Officer of the bank.[8]

See also

References
  1. Bank SBI Botswana Limited (June 2020). "Bank SBI Botswana Limited: Annual Financial Statements For The Year Ended 31 March 2020". Gaborone: Bank SBI Botswana Limited. Retrieved 28 July 2020.
  2. Bank of Botswana (28 July 2020). "Commercial Banks Licensed In Botswana". Gaborone: Bank of Botswana. Retrieved 28 July 2020.
  3. Bank SBI Botswana Limited (28 July 2020). "Bank SBI Botswana Limited: Contact Us". Gaborone: Bank SBI Botswana Limited. Retrieved 28 July 2020.
  4. Google (28 July 2020). "Location of the headquarters of Bank SBI Botswana Limited" (Map). Google Maps. Google. Retrieved 28 July 2020.
  5. Andrew Sesinyi (29 July 2013). "State Bank of India (Botswana) Limited Granted Banking License" (PDF). Gaborone: Bank of Botswana. Retrieved 28 July 2020.
  6. Bank SBI Botswana Limited (September 2016). "Financial Statements for The Year Ended March 2016" (PDF). Gaborone: Bank SBI Botswana Limited. Retrieved 28 July 2020.
  7. Bank SBI Botswana Limited (28 July 2020). "Bank SBI Botswana Limited Is A 100 Percent Owned Subsidiary of State Bank of India". Gaborone: Bank SBI Botswana Limited. Retrieved 28 July 2020.
  8. Bank SBI Botswana Limited (28 July 2020). "The Board of Directors of Bank SBI Botswana Limited" (PDF). Gaborone: Bank SBI Botswana Limited. Retrieved 28 July 2020.

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