First Capital Bank Botswana Limited


First Capital Bank Botswana Limited, is a commercial bank in Botswana, licensed by the Bank of Botswana, the central bank and national banking regulator. 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.

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.

Overview

As of December 2018, the bank had total assets of BWP:2,880,502,881, with shareholders' equity of BWP:196,059,009.

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 Limited, another commercial bank.

Ownership

As of February 2019, the major shareholders of First Capital Bank Botswana, were as laid out in the table below:
RankShareholderDomicilePercentage Ownership
1FMBCapital Holdings PlcMauritius
2Everglades Holdings LimitedBotswana
3Premier Capital LimitedMauritius
4Prime Bank KenyaKenya-
5The Anadkat FamilyUnited Kingdom-
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.
  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.

    Governance

The chairman of the six-person board of directors is Hitesh Anadkat. The chief executive officer of the bank, since November 2013, is Jaco Viljoen.