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

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

Botswana Botswana, officially the Republic of Botswana, is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory part of the Kalahari Desert. It is bordered by South Africa to the sou ...

, 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 Common Monetary Area, Rand Monetary Area (RMA). In 1974 Botswana withdrew from the RMA, and the Ban ...

, the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

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, officially the Republic of Mauritius, is an island country in the Indian Ocean, about off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Ag ...

-based financial services conglomerate, whose shares of

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

are listed on the Malawi Stock Exchange 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 List of cities in Botswana, largest city of Botswana, with a population of 246,325 based on the 2022 census, about 10% of the total population of Botswana. Its metropolitan area is home to 534, ...

, 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: * Travel visa, a document that allows entry to a foreign country * Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Vi ...

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 card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either ...

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 Gaborone ( , , ) is the Ca ...

# 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 inhabitants and 147,122 inhabitants in its agglomeration at the 2022 census. It is located in eastern Botswana, about north-northeast from the capital, Gabo ...

. # 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