Categories: AfricaBankingFRONT

First Capital Bank Botswana Limited: Best Commercial Bank Growth Botswana 2020

First Capital Bank Botswana embarked on a transformational journey more than five years ago, fuelling growth aspirations by investing in people and technology. Its purpose-led strategy called for the implementation of a core banking system and a shake-up of their operating model. First Capital introduced a recruitment scheme to attract graduates, and head-hunted top talent. Key personnel, including CEO Jaco Viljoen, were welcomed to the team and the workforce doubled over the past five years. The bank, founded in 2008, has grown from a relatively unknown financial institution into an instantly recognised brand trusted to deliver on its promises. It has developed a range of corporate, commercial and retail banking services to meet the needs of any client. First Capital Bank Botswana has identified the SME sector as a factor for the growth of the bank – and the overall economy. Large international banks often rely on external committees when deciding on credit applications, but First Capital prefers a more personal approach: its local board fulfils that function. It invests time to get to know its customers and to develop a deep understanding of business opportunities. The bank has seen the benefits of its efforts reflected in its balance sheet, and it has a loan book with risk at well-below market average. It recently launched an asset-based finance and payroll lending service and offered clients new forex solutions. As momentum has gathered, the bank enjoys an increasingly confident position in the market. The CFI.co judging panel took note of these well thought-out expansion strategies, and declares First Capital Bank Botswana Ltd as the 2020 winner of the award for Best Commercial Bank Growth (Botswana).

marten

Recent Posts

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

2 weeks ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

3 weeks ago

Région Île-de-France: Best Green Bond Thought Leadership Team Global 2025 & Best in Class Bond Issuer Global 2025

Région Île-de-France demonstrates a steadfast commitment to sustainable finance, playing a pioneering and influential role…

1 month ago

Spectrum Asset Management: Excellence in Preferred Securities Portfolio Management Global 2025

Spectrum Asset Management is a leading institutional manager specialising in preferred and capital securities, with…

1 month ago

Moody’s Ratings: Best Credit Risk Analysis LATAM 2025

Moody’s Ratings is a globally recognised leader in credit ratings, research and risk analysis, with…

1 month ago

La Trobe Financial: Best Investment Management Team Australia 2025

La Trobe Financial has cemented its reputation as Australia’s premier alternative asset manager, demonstrating a…

2 months ago