The Bank of Botswana published an update that Standard Chartered Bank PLC, the holding company of Standard Chartered Bank Botswana Limited, has decided to explore the sale of the entire Botswana business, expanding an earlier plan focused on its wealth and retail banking activities. The enlarged scope now covers both wealth and retail banking and corporate and investment banking, with the process expected to take 12 to 15 months. The Bank of Botswana will oversee the transition to ensure regulatory compliance, a seamless transfer to a safe and sound institution, and protection of customer interests and the integrity of the banking system; it also stated that Standard Chartered Bank Botswana remains in a satisfactory financial position and continues to comply with statutory and prudential requirements, and advised customers to continue conducting business as normal while it monitors developments and intervenes if warranted.
Bank of Botswana 2026-01-16
Bank of Botswana confirms Standard Chartered Bank PLC exploring sale of all Standard Chartered Bank Botswana business
The Bank of Botswana announced that Standard Chartered Bank PLC is exploring the sale of its entire Botswana business, including wealth, retail, corporate, and investment banking, with the process expected to take 12 to 15 months. The Bank of Botswana will oversee the transition to ensure regulatory compliance and customer protection, affirming that Standard Chartered Bank Botswana remains financially sound and compliant with requirements.