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. 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-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 ** Co ...

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

Debit Card A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term '' plastic card'' includes the above and as an identity document. These are similar to a credit card, but u ...

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