Big Four Banks Tighten Grip
The country's top commercial banks have retained their dominance in the financial sector, extending their hold on assets, deposits, and lending.
A new survey, the 2024 Banking Supervision Report, shows that the market structure remains largely unchanged, with the "Big Four" - Absa Bank Botswana, First National Bank Botswana (FNBB), Standard Chartered Bank Botswana, and Stanbic Bank Botswana - continuing to lead the industry.
- Commercial banks control 95.5% of total banking assets.
- They hold 95.9% of deposits.
- They account for 93.8% of loans and advances.
Commercial banks continued to dominate the banking industry in total assets, deposits, and loans and advances, with respective market shares of 95.5% for assets, 95.9% for deposits, and 93.8% for loans and advances.
This reaffirms their position as the backbone of Botswana's financial system.
Author's summary: Big Four banks dominate Botswana's financial sector.
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