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Bank charges appropriate- Serame

*Minister defends non-interest bank charges


Minister of Finance Peggy Serame has dispelled concerns from her colleagues about the perceived astronomical rise of non-interest bank charges.

In a question posed by Member of Parliament for Gaborone Central Tumisang Healy, the Minister was asked to state the processes used to assess and approve requests by commercial banks to increase charges, and how Bank of Botswana (BoB) ensures that banks are not trying to maximise profits through exorbitant non-interest charges.

In his submission, Healy said since the lifting of the two year moratorium by BoB on bank charges in 2016, commercial ba...

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