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First Capital Bank Botswana Limited

Commercial bank in Botswana From Wikipedia, the free encyclopedia

First Capital Bank Botswana Limited
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First Capital Bank Botswana Limited, formerly known as Capital Bank, 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]

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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 December 2021, the major shareholders of First Capital Bank Botswana, were as laid out in the table below:[6][7]

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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.[8]

  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.
  5. Maun Branch: Plot 17396 Nkwe road Maun industrial area
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Governance

The chairman of the six-person board of directors is Hitesh Anadkat.[9] The chief executive officer of the bank, since January 2021, is Reinette van der Merwe.[10]

See also

References

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