Barclays Bank of Limited 2018 Annual Report Contents Bank of Botswana Limited Annual Report 2018

Chairman’s Statement 04 Our Goal To be the best Barclays Bank is a leading, financial services Managing Director’s financial services institution Report 08 provider that has been operating in Botswana focused on exceptional Country Management since 1950. Our listing on the Botswana Stock Committee 16 customer service in our Finance Director’s Exchange demonstrates our commitment to Report 20 chosen sectors Corporate and this country and its people. Investment Banking 24 Our Purpose Bringing Retail and your possibilities to life Business Banking 26 Barclays Bank of Botswana has 3 business units: Treasury and Balance Sheet Management 28 Our Values Risk Review 30 Respect Retail and We offer Retail Banking services such as transactional We respect and value those we work with, banking solutions, savings and investments, foreign People Function Business exchange and lending amongst others. Similar services Review 32 and the contribution that they make Banking are also offered to our Business Banking clients in the Citizenship Report 34 Integrity small to medium enterprises and commercial sectors. Board of Directors 38 We act fairly, ethically and openly in all we do Our Corporate and Investment Banking services Corporate Governance 42 Corporate clients in large corporations and companies, such Service and Investment as multinationals and public sector. The tailor made Annual We put our clients and customers at the Banking solutions we offer include asset financing, cash and liquidity management and trade finance. Financial centre of what we do Statements Excellence We use our energy, skills and resources to In addition to asset and liability management, capital, Directors’ deliver the best sustainable results funding and liquidity management for the Bank, our Responsibilities Treasury Treasury unit offers foreign exchange services to our and Approval 58 Stewardship clients. Corporate Governance We are passionate about leaving things Statement 59 better than we found them

Directors’ Report 60

Independent Auditor’s Report 62

Statements of Comprehensive Income 66 Best Investment Bank Botswana: Statements of Financial Position 67 EMEA Finance African Banking Awards 2018 Statements of Changes in Equity 68

Statements of Cash Flows 70

Accounting Policies 71

Notes to the Annual Financial Statements 85

Shareholders Information 176

Value Added Statement 177

Notice to Shareholders 178

Proxy Form 180

Barclays Bank of Botswana Limited 2 Annual Report 2018 We are a Pan African Bank that can be proud of.

We will maintain our customer-centric approach and capitalise on our competitive strengths to reinforce our position as Botswana’s leading financial services provider.

Barclays Bank of Botswana Limited Annual Report 2018 1

Barclays at a Glance Where we operate

We have the largest branch network

across Botswana. Kasane Shakawe

Gumare

Maun

Nata Letlhakane Tutume Orapa Masunga Francistown

Ghanzi Bobonong Selibe Phikwe Serowe Palapye

Mahalapye

Mochudi Molepolole Pilane

Jwaneng Kanye Lobatse Moshupa

Tsabong

Branch Network

Barclays Bank of Botswana Limited 2 Annual Report 2018

113 ATMS across the country

Geographic coverage 32

Airport Junction Galo Prestige Jwaneng Masunga Palapye Tsabong Plot 70665, Unit 63, Plot 1471/2, Galo Mall Plot 5477, Choppies Mall Lot 1107, Masunga Plot 47, Lotsane Ward Plot 545, Tsabong Mall Airport Junction Mall Francistown Jwaneng Complex Palapye Tsabong Gaborone Masunga Game City Kanye Personal Prestige Tutume Blue Jacket Prestige Shop No. F2/F11A, Plot 89, Mall Tribal Maun Plot 1188, Main Mall, Itachi Complex Plot 494/5, Game City Mall K