Type | Subsidiary |
---|---|
Industry | Banking |
Founded | 2006 |
Headquarters | Gaborone, Botswana |
Key people | Koos Brandt (Chairman) Andre Barnard (Managing Director) |
Products | Financial services |
Parent | Capricorn Group |
Website | www.bankgaborone.co.bw |
Bank Gaborone Limited (Bank Gaborone) is a commercial bank in Botswana. It is a subsidiary of the Capricorn Group. [1]
As of June 2009 [update] , the bank had 5 branches and over 30 ATMs throughout the country. [2]
The Bank of Botswana issued a license to Bank Gaborone Limited to commence with its full retail banking business on 1 February 2006. The bank opened their first branch on Pilane Road, Gaborone during September 2006. Since 2022, the bank boasts 11 branches in the city's main mall, Gamecity Mall, Central business district (Gaborone), Molepolole, Kang, Ghanzi, Maun, Kasane, Francistown, Palapaye and Mahalapye.
Bank Gaborone is a 100% subsidiary of Capricorn Investment Holdings (Botswana) Limited (CIHB). In turn, CIHB is 94.9% owned by Capricorn Investment Holdings (CIH).[ citation needed ]
Capricorn Investment Holdings owns other financial institutions in whole or in part, including the following: [3]
As of September 2010 [update] , the bank maintains branches at the following locations: [4]
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Banking in Namibia started in June 1906, when German colonists formed the Deutsche Afrika Bank, which would become the First National Bank of Namibia. Following Namibian Independence in 1990, the Namibian banking sector came under the control of the new government which restructured the sector and created the Bank of Namibia as the central bank. Today banking is dominated by South African commercial banks who operate subsidiaries in Namibia.
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