First Capital Bank Botswana Limited
FormerlyCapital Bank
TypePublic
IndustryBanking
Founded2008 (2008)
HeadquartersFirst Capital House, 2nd Commercial Road, Gaborone, Botswana
Key people
Hitesh Anadkat
Chairman
Reinette van der Merwe
Chief Executive Officer
ProductsLoans, Savings, Checking, Investments, Debit Cards, Mortgages
Total assetsBWP:3.9 billion (US$322 million) (2021)[1]
ParentFMBCapital Holdings
Websitehttps://www.firstcapitalbank.co.bw/

First Capital Bank Botswana Limited, formerly known as Capital Bank, is a commercial bank in Botswana, licensed by the Bank of Botswana, the central bank and national banking regulator.[2] It is a subsidiary of FMBCapital Holdings Plc, a Mauritius-based financial services conglomerate, whose shares of stock are listed on the Malawi Stock Exchange and has subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe.[3]

Location

The headquarters and main branch of the bank are located at First Capital House, 2nd Commercial Road, in Gaborone, the capital and largest city in Botswana. The geographical coordinates of the bank's headquarters are: 24°38'56.0"S, 25°54'14.0"E (Latitude:-24.648889; Longitude:25.903889).[4]

Overview

As of December 2018, the bank had total assets of BWP:2,880,502,881 (US$241 million), with shareholders' equity of BWP:196,059,009 (US$16.5 million).[1]

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. In 2019, the bank successfully acquired the assets and liabilities of the now former Bank of India (Botswana) Limited, another commercial bank.[5]

Ownership

As of December 2021, the major shareholders of First Capital Bank Botswana, were as laid out in the table below:[6][7]

Major Shareholders of First Capital Bank Botswana Limited
RankShareholderDomicilePercentage Ownership
1FMBCapital Holdings PlcMauritius38.60
2Everglades Holdings (Pty) LimitedBotswana32.96
3Premier Capital LimitedMauritius16.32
4Prime Bank KenyaKenya6.62
5The Anadkat FamilyUnited Kingdom5.50
Total
100.0

Branches

As of April 2020, First Capital Bank Botswana maintains its headquarters at First Capital House, Plot. 74768, 2nd Commercial Road, New CBD, Gaborone, Botswana. The networked branches of the bank are located at the following locations.[8]

  1. Main Branch: Capital House, Plot. 17954, Old Lobatse Road, Gaborone
  2. Mogoditshane Branch: Plot. 4216, Supa Save Complex, Along Molepolole Road, Mogoditshane
  3. Broadhurst Branch: First Capital House, Plot. 74768, 2nd Commercial Road, New CBD, Gaborone
  4. Francistown Branch: Plot. 448, Blue Jacket Street, Francistown.
  5. Maun Branch: Plot 17396 Nkwe road Maun industrial area

Governance

The chairman of the six-person board of directors is Hitesh Anadkat.[9] The chief executive officer of the bank, since January 2021, is Reinette van der Merwe.[10]

See also

References

  1. 1 2 First Capital Bank Botswana (2019). "Financial Results As At 31 December 2018" (PDF). Gaborone: First Capital Bank Botswana Limited. Retrieved 7 April 2020.
  2. ↑ Bank of Botswana (7 April 2020). "Commercial Banks Licensed in Botswana". Gaborone: Bank of Botswana. Retrieved 7 April 2020.
  3. ↑ African Financials (18 May 2018). "Profile of FMBCapital Holdings Plc". Africanfinancials.com. Retrieved 7 April 2020.
  4. ↑ Google (7 April 2020). "Location of the Headquarters of First Capital Bank Botswana Limited" (Map). Google Maps. Google. Retrieved 7 April 2020.
  5. ↑ Competition Authority of Botswana (2019). "First Capital Bank Proposes To Acquire 100% Shares of Bank of India (Botswana)". Gaborone: Competition Authority of Botswana. Retrieved 7 April 2020.
  6. ↑ Tsaone Segaetsho (18 February 2019). "First Capital Bank devours Bank of India". Weekend Post. Gaborone. Retrieved 7 April 2020.
  7. ↑ "FCB Botswana Annual Report 2021" (PDF). FCB Botswana. 31 December 2021. Retrieved 22 October 2022.
  8. ↑ First Capital Bank Botswana (7 April 2020). "The Branches of First Capital Bank Botswana Limited". Gaborone: First Capital Bank Botswana Limited. Retrieved 7 April 2020.
  9. ↑ First Capital Bank Botswana (7 April 2020). "The Board of Directors of First Capital Bank Botswana Limited". Gaborone: First Capital Bank Botswana Limited. Retrieved 7 April 2020.
  10. ↑ First Capital Bank Botswana. "The Executive Management of First Capital Bank Botswana Limited". Gaborone: First Capital Bank Botswana Limited. Retrieved 27 June 2022.

24°38′56″S 25°54′14″E / 24.64889°S 25.90389°E / -24.64889; 25.90389

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