NDB Records P13.1 Million Profit, Sustains Growth for Second Year

NDB Records P13.1 Million Profit, Sustains Growth for Second Year. The National Development Bank (NDB) has reported a net profit of P13.1 million for the 2024/25 financial year, marking its second consecutive year of positive performance after a prolonged period of losses. The achievement reflects the bank’s strengthened financial position and ongoing reforms aimed at improving efficiency and governance.

The turnaround has been driven by a strategic shift in operational management and tighter financial controls. NDB’s liquid asset ratio rose to 17 percent, comfortably above the regulatory minimum, signaling stronger liquidity and balance sheet stability. The bank’s loan book also expanded by 17.2 percent year-on-year, supported by enhanced credit discipline and reduced risk exposure, which contributed to a lower Expected Credit Loss impact.

Operational efficiency showed improvement, with the cost-to-income ratio standing at 94 percent. This outcome demonstrates the early benefits of reforms designed to streamline processes and reinforce governance structures. In addition, NDB retained its ISO certification, underscoring its commitment to quality management standards.

Beyond its core lending activities, NDB continues to administer development funds totaling P1.1 billion since inception. These include the GIZ Fund, the Horticulture Impact Accelerator Subsidy, the Industry Support Fund/COVID Relief Fund — which helped preserve over 14,000 jobs — and Temo Letlotlo, now known as Lemang Dijo, supporting thousands of beneficiaries in the agricultural sector.

The bank’s sustained profitability highlights its role in driving development finance and supporting Botswana’s broader economic growth. With consecutive years of positive results, NDB has demonstrated resilience and a renewed capacity to deliver on its mandate of supporting enterprises and communities across the country.