First Capital Bank Botswana Limited, formerly known as Capital Bank, is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

Botswana Botswana (, ), officially the Republic of Botswana ( tn, Lefatshe la Botswana, label= Setswana, ), is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory being the Kal ...

, licensed by the

Bank of Botswana The Bank of Botswana (BoB) is the central bank of Botswana. When Botswana gained independence from Britain in 1966, the country was part of the Rand Monetary Area (RMA). In 1974 Botswana withdrew from the RMA, and the Bank of Botswana and Fin ...

, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...

and national banking regulator. It is a subsidiary of

FMBCapital Holdings Plc FMBCapital Holdings Plc, also referred to as First Capital Bank Group, is a financial services holding company based in Mauritius. It operates commercial banks in the Southern African countries of Botswana, Malawi, Mozambique, Zambia and Zimba ...

, a

Mauritius Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It incl ...

-based financial services

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** C ...

, whose shares of

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

are listed on the

Malawi Stock Exchange The Malawi Stock Exchange (the MSE) is a stock market, with three licensed brokers is based in Blantyre, Malawi. Overview The Malawi Stock Exchange was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, u ...

and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe.

Location

The headquarters and main branch of the bank are located at First Capital House, 2nd Commercial Road, in

Gaborone Gaborone ( , , ) is the Capital city, capital and largest city of Botswana with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its agglomeration is home to 421,907 inhabitants at the 2011 cen ...

, 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).

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).

History

The bank began operations in 2008, following the issuance of its banking license by the

, the national banking regulator. Capital Bank introduced Internet banking in 2009 and

Visa Visa most commonly refers to: *Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Visa Plus, an interbank network *Travel visa, a document that allows ...

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.

Ownership

As of December 2021, the major shareholders of First Capital Bank Botswana, were as laid out in the table below:

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. # Main Branch: Capital House, Plot. 17954, Old Lobatse Road, Gaborone # Mogoditshane Branch: Plot. 4216, Supa Save Complex, Along Molepolole Road,

Mogoditshane Mogoditshane is a town located in the Kweneng District of Botswana. Population Its population was 14,246 at the 2001 census, and 57,637 at the 2011 census. Gaborone It is in conurbation to the capital Gaborone, whose agglomeration is now home ...

# Broadhurst Branch: First Capital House, Plot. 74768, 2nd Commercial Road, New CBD,

# Francistown Branch: Plot. 448, Blue Jacket Street,

Francistown Francistown is the second largest city in Botswana, with a population of about 103,417 and 147,122 inhabitants for its agglomeration at the 2022 census. and often described as the "''Capital of the North''" or as the natives would have it “''T ...

. # Maun Branch: Plot 17396 Nkwe road Maun industrial area

Governance

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

References

External links

Official Website
{{Coord, 24, 38, 56, S, 25, 54, 14, E, display=title Banks of Botswana Gaborone Banks established in 2008 2008 establishments in Botswana FMBCapital Holdings Plc