Capital Bank (Botswana)

Capital Bank
Private
Industry Banking
Founded 2008
Headquarters Gaborone, Botswana
Key people
 Hitesh Anadkat, Chairman
Jaco Viljoen, Chief Executive Officer
Products Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
Total assets US$ 775 million (2017)[1]
Website Homepage

Capital Bank Limited, commonly known as Capital Bank, is a commercial bank in Botswana. It is owned by First Merchant Bank of Malawi, and others, including Botswana nationals. In that respect, it is one of the few commercial banks in Botswana, in which nationals of Botswana own a stake.[2]

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 Cards in 2010.[3]

Ownership

Among the shareholders of Capital Bank are First Merchant Bank of Malawi (FMB), a leading financial services provider in Malawi, whose shares are listed on the Malawi Stock Exchange. Other share holders include Mmapula Modise, a national of Botswana, Raj Patel both resident in Botswana. The table below summarizes the shareholders of Capital Bank.[4]

Major Shareholders of Capital Bank
Rank Shareholder Percentage Ownership
1First Merchant Bank of Malawi 38.0[5]
2Everglades Pty Ltd
3Premier Capital Mauritius Ltd
4Prime Bank Ltd,Kenya 5.0
Total100.0

Branches

As of July 2011, Capital Bank maintains its headquarters at 17954 Old Lobatse Road, Gaborone, Botswana's capital city and another branch in Francistown, Botswana's second-largest city, in the northeast of the country.[6] The list of branches of the bank are at the following locations:

  1. Main Branch - 17954 Old Lobatse Road, Gaborone
  2. Francistown Branch - Blue Jacket Street, Francistown
  3. Broadhurst Branch,Gaborone
  4. Mogoditshane Branch

See also

References

  1. ↑ Total Assets As of January 31, 2017 According to STATEMENT OF FINANCIAL POSITION of the bank
  2. ↑ "Capital Bank Partly Owned By Botswana Nationals". Capitalbank.co.bw. Archived from the original on 2012-03-05. Retrieved 2012-05-04.
  3. ↑ "History of Capital Bank". Capitalbank.co.bw. Archived from the original on 2012-03-05. Retrieved 2012-05-04.
  4. ↑ Major Shareholders of Capital Bank
  5. ↑ First Merchant Bank of Malawi Owns 51% of Capital Bank of Botswana Archived 2010-11-20 at the Wayback Machine.
  6. ↑ Capital Bank Opens Second Branch in Francistown
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