First Capital Bank Botswana Limited

First Capital Bank Botswana Limited, is a commercial bank in Botswana, licensed by the Bank of Botswana, the central bank and national banking regulator.[2] It is a subsidiary of FMBCapital Holdings Plc, a Mauritius-based financial services conglomerate, whose shares of stock are listed on the Malawi Stock Exchange and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe.[3]

First Capital Bank Botswana Limited
TypePublic
IndustryBanking
Founded2008 (2008)
HeadquartersFirst Capital House, 2nd Commercial Road, Gaborone, Botswana
Key people
Hitesh Anadkat
Chairman
Jaco Viljoen
Chief Executive Officer
ProductsLoans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
Total assetsBWP:2,880,502,881 (US$241 million) (2018)[1]
Websitehttps://www.firstcapitalbank.co.bw/

Location

The headquarters and main branch of the bank are located at First Capital House, 2nd Commercial Road, in Gaborone, the capital and largest city in Botswana. The geographical coordinates of the bank's headquarters are: 24°38'56.0"S, 25°54'14.0"E (Latitude:-24.648889; Longitude:25.903889).[4]

Overview

As of December 2018, the bank had total assets of BWP:2,880,502,881 (US$241 million), with shareholders' equity of BWP:196,059,009 (US$16.5 million).[1]

History

The bank began operations in 2008, following the issuance of its banking license by the Bank of Botswana, the national banking regulator. Capital Bank introduced Internet banking in 2009 and Visa Debit Cards in 2010. In 2019, the bank successfully acquired the assets and liabilities of the now former Bank of India (Botswana) Limited, another commercial bank.[5]

Ownership

As of February 2019, the major shareholders of First Capital Bank Botswana, were as laid out in the table below:[6]

Major Shareholders of Capital Bank
RankShareholderDomicilePercentage Ownership
1FMBCapital Holdings PlcMauritius
2Everglades Holdings (Pty) LimitedBotswana
3Premier Capital LimitedMauritius
4Prime Bank KenyaKenya
5The Anadkat FamilyUnited Kingdom
Total
100.0

Branches

As of April 2020, First Capital Bank Botswana maintains its headquarters at First Capital House, Plot. 74768, 2nd Commercial Road, New CBD, Gaborone, Botswana. The networked branches of the bank are located at the following locations.[7]

  1. Main Branch: Capital House, Plot. 17954, Old Lobatse Road, Gaborone
  2. Mogoditshane Branch: Plot. 4216, Supa Save Complex, Along Molepolole Road, Mogoditshane
  3. Broadhurst Branch: First Capital House, Plot. 74768, 2nd Commercial Road, New CBD, Gaborone
  4. Francistown Branch: Plot. 448, Blue Jacket Street, Francistown.

Governance

The chairman of the six-person board of directors is Hitesh Anadkat.[8] The chief executive officer of the bank, since November 2013, is Jaco Viljoen.[9]

See also

References
  1. First Capital Bank Botswana (2019). "Financial Results As At 31 December 2018" (PDF). Gaborone: First Capital Bank Botswana Limited. Retrieved 7 April 2020.
  2. Bank of Botswana (7 April 2020). "Commercial Banks Licensed in Botswana". Gaborone: Bank of Botswana. Retrieved 7 April 2020.
  3. African Financials (18 May 2018). "Profile of FMBCapital Holdings Plc". Africanfinancials.com. Retrieved 7 April 2020.
  4. Google (7 April 2020). "Location of the Headquarters of First Capital Bank Botswana Limited" (Map). Google Maps. Google. Retrieved 7 April 2020.
  5. Competition Authority of Botswana (2019). "First Capital Bank Proposes To Acquire 100% Shares of Bank of India (Botswana)". Gaborone: Competition Authority of Botswana. Retrieved 7 April 2020.
  6. Tsaone Segaetsho (18 February 2019). "First Capital Bank devours Bank of India". Weekend Post. Gaborone. Retrieved 7 April 2020.
  7. First Capital Bank Botswana (7 April 2020). "The Branches of First Capital Bank Botswana Limited". Gaborone: First Capital Bank Botswana Limited. Retrieved 7 April 2020.
  8. First Capital Bank Botswana (7 April 2020). "The Board of Directors of First Capital Bank Botswana Limited". Gaborone: First Capital Bank Botswana Limited. Retrieved 7 April 2020.
  9. Online Editor (25 November 2013). "Viljoen named new Capital Bank CEO". The Sunday Standard. Gaborone. Retrieved 7 April 2020.

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