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    Thursday, October 16
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    Browsing: net interest income

    Absa Seeks Cheaper Money as Shareholders’ Profits Decline 

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    Absa Bank Botswana has paid more to attract deposits, squeezing shareholders’ final profits. The bank is aggressively turning to new funding tools and fresh income streams to shield investor returns. Banks work a lot like shops. Instead of selling food or clothes, their “stock” is money. They “buy” it from depositors by paying interest, and then “sell” it

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