First Capital Bank Botswana Limited

{{Infobox company

| name = First Capital Bank Botswana Limited

| logo = File:First_Capital_Bank_logo.jpg

| former_name = Capital Bank

| type = Public

| company_slogan =

| foundation = {{start date and years ago|2008}}

| location = First Capital House, 2nd Commercial Road, Gaborone, Botswana

| key_people = Hitesh Anadkat
Chairman
Reinette van der Merwe
Chief Executive Officer

| num_employees =

| parent = FMBCapital Holdings

| revenue =

| assets = BWP:3.9 billion (US$322 million) (2021){{cite web|url=https://firstcapitalbank.co.bw/wp-content/uploads/2019/07/FCB-Financial-Results-2018.pdf | title=Financial Results As At 31 December 2018 |date=2019 | access-date=7 April 2020 |publisher=First Capital Bank Botswana Limited |author=First Capital Bank Botswana |location=Gaborone}}

| industry = Banking

| products = Loans, Savings, Checking, Investments, Debit Cards, Mortgages

| homepage = https://www.firstcapitalbank.co.bw/

}}

First Capital Bank Botswana Limited, formerly known as Capital Bank, is a commercial bank in Botswana, licensed by the Bank of Botswana, the central bank and national banking regulator.{{cite web|url=https://www.bankofbotswana.bw/content/banks-0 | title=Commercial Banks Licensed in Botswana |access-date=7 April 2020 |publisher=Bank of Botswana |author=Bank of Botswana |

date=7 April 2020 |place=Gaborone}} 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.{{cite web|author=African Financials | url=https://africanfinancials.com/company/us-fmbch/ |date=18 May 2018 |publisher=Africanfinancials.com |access-date=7 April 2020 |title=Profile of FMBCapital Holdings Plc}}

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 (Latitude:-24.648889; Longitude:25.903889).{{google maps|url=https://www.google.com/maps/place/24%C2%B038'56.0%22S+25%C2%B054'14.0%22E/@-24.6489937,25.9038016,206m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d-24.6488889!4d25.9038889 |title=Location of the Headquarters of First Capital Bank Botswana Limited |access-date=7 April 2020}}

Overview

As of December 2018, the bank had total assets of BWP:2,880,502,881 (US$241 million), with shareholders' equity of BWP:196,059,009 (US$16.5 million).

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 (Botswana) Limited, another commercial bank.{{cite web|title=First Capital Bank Proposes To Acquire 100% Shares of Bank of India (Botswana) |publisher=Competition Authority of Botswana |date=2019 |access-date=7 April 2020 | url=https://www.competitionauthority.co.bw/first-capital-bank-proposes-acquire-100-shares-bank-india-botswana | location=Gaborone |author=Competition Authority of Botswana }}

Ownership

As of December 2021, the major shareholders of First Capital Bank Botswana, were as laid out in the table below:{{cite web|url=http://www.weekendpost.co.bw/wp-news-details.php?nid=6135 |title=First Capital Bank devours Bank of India | newspaper=Weekend Post |date=18 February 2019 |author=Tsaone Segaetsho |access-date=7 April 2020 |location=Gaborone}}{{Cite web |date=31 December 2021 |title=FCB Botswana Annual Report 2021 |url=https://firstcapitalbank.co.bw/wp-content/uploads/2022/06/FCB_Botswana_Annual_Report_2021.pdf |access-date=22 October 2022 |website=FCB Botswana}}

Rank	Shareholder	Domicile	Percentage Ownership
class="wikitable sortable" style="margin:0.5em auto" \|+ Major Shareholders of First Capital Bank Botswana Limited
1	FMBCapital Holdings Plc	Mauritius	38.60
2	Everglades Holdings (Pty) Limited	Botswana	32.96
3	Premier Capital Limited	Mauritius	16.32
4	Prime Bank Kenya	Kenya	6.62
5	The Anadkat Family	United Kingdom	5.50
	{{center\|Total}}		{{center\|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.{{cite web|url=https://firstcapitalbank.co.bw/about/resources/branches/ |title=The Branches of First Capital Bank Botswana Limited | date=7 April 2020 |publisher=First Capital Bank Botswana Limited |author=First Capital Bank Botswana |access-date=7 April 2020 |location=Gaborone}}

Main Branch: Capital House, Plot. 17954, Old Lobatse Road, Gaborone
Mogoditshane Branch: Plot. 4216, Supa Save Complex, Along Molepolole Road, Mogoditshane
Broadhurst Branch: First Capital House, Plot. 74768, 2nd Commercial Road, New CBD, Gaborone
Francistown Branch: Plot. 448, Blue Jacket Street, Francistown.
Maun Branch: Plot 17396 Nkwe road Maun industrial area

Governance

The chairman of the six-person board of directors is Hitesh Anadkat.{{cite web|date=7 April 2020 | url=https://firstcapitalbank.co.bw/governance/board-of-directors/ |publisher=First Capital Bank Botswana Limited |access-date=7 April 2020 |title=The Board of Directors of First Capital Bank Botswana Limited |author=First Capital Bank Botswana | place=Gaborone}} The chief executive officer of the bank, since January 2021, is Reinette van der Merwe.{{cite web| url=https://firstcapitalbank.co.bw/governance/executive-management/ |publisher=First Capital Bank Botswana Limited |access-date=27 June 2022 |title=The Executive Management of First Capital Bank Botswana Limited |author=First Capital Bank Botswana | place=Gaborone}}