First Capital Bank Acquires Bank of India Botswana: Regulator

Bank of India Botswana has surrendered its license with “immediate effect” following the acquisition, according to a statement Friday by Botswana’s central bank.

* First Capital Bank is a unit of Mauritius-based FMB Capital Holdings;
* NOTE: Bank of India Botswana was the smallest of the country’s 10 banks with 137 million Botswana pulas in assets as at December 31, 2018. Source: Bloomberg