Botswana Savings Bank

1
Botswana Savings Bank

• Botswana Financial Services Conference
• 09th May 2007
• Presentation by L.O. Sianga
• BSB Managing Director

2
Overview of BSB

• Parastatal financial institution, i.e. est. by an
  Act of Parliament
• Mandate- mobilization of savings provision of
  affordable banking services
• Operate through a network of Post offices
• A Member of the WSBI

3
Vision

• To Be The Bank of Choice in Our Selected
  Markets

4
Mission

• To Provide Customers with Innovative But
  Affordable Banking and Other Financial Services

5
BSBs Role in the Economy

• Savings Mobilisation
• Drawing a landscape of access
• Making Financial Markets work for the poor

6
Current Product Range (Savings)
Thobo
SAYE
SesigO
Convenient 1 year Savings Plan
Convenient 2 year Savings Plan
High Value Savings
Corporate Transmission
Ordinary
NSCs
3yr flexible Savings Plan
Convenient for Corporates
Easily accessible Convenient savings
7
Current Product Range (Loans)
Motor Vehicle Property Financing

• Currently Guaranteed
• Non Guaranteed Available in July 07

Personal Borrowing

• Available for SAYE, Sesigo or Thobo savers

Ipelegeng
8
Sesigo Savings Account

• P200- P499 4.5
• P500- P999 7.5
• P1 000- P2999 8.0
• P3 000- P9 999 8.5
• P10 000 10.2
• P5 Account Maintenance fee
• 2 withdrawals allowed in a month, extra ones
  charged at P10 each (system executed)

9
National Savings Certificates Account

• Introduced in June 1999 as a property of Botswana
  Government and administered by BOB
• Now administered by BSB since April 2005
• Ideal way to save your money
• Specifically designed for citizens
• Certificates in denominations of P250, P500
  P1000
• Interest is 10 per annum over 36 months Maximum
  purchase by an individual is P100,000

10
National Saving Certificates (Conti)

• Certificates have a maturity of 3 years
• Redemptions allowed
• Transferable to a citizen

11
Perceived Benefits

• Highest Interest Rate Earned -10.2 per annum
• Interest Earned Tax Free
• Low Minimum Opening balances
• Accessible in post offices countrywide

12
Future Considerations
Strategic Partnerships
Fixed Deposits
ATMS
Branches
Widened Delivery Channel, Product Range
Strategic alliances
MTS
Cards
Forex
Payment A/cs
13
The End
Thank You WWW.BSB.BW