Botswana Savings Bank (BSB) is an institution wholly owned by the Government of Botswana with a specific mandate of mobilizing the nation to save as well as providing inclusive financial services. Its headquarters are based in Gaborone at Broadhurst Mall; Tshomarelo House with branches in Gaborone, Francistown, Mahalapye and Serowe. Botswana Savings Services are accessed through Post Offices across the country.
The Bank is governed by an Independent Board of Directors which reports to the Ministry of Finance and Economic Planning. Botswana Savings Bank is supervised by the Central Bank under the custodian of Ministry of finance and Economic Planning. BSB is also required to carry out its business according to sound commercial principles and in accordance with the Banking Act of 1995.The Bank is a member of the World Savings Bank Institute- an association of Savings Banks represented in over 90 countries worldwide.
The Botswana Savings Bank (BSB) was established in 1963. It was originally called the Post Office Savings Bank and was administered within the Department of Posts and Telecommunications Services of South Africa and Bechuanaland. Later in the same year, South Africa handed the Post Office Savings Bank to the Bechuanaland Postal Services Department under the Ministry of Works and Communications. In 1982, the Post Office Savings Bank was transferred to the Ministry of Finance and Development Planning and was upgraded to a full specialised Government Department with the title – the Botswana Savings Bank.
In 1992, Parliament passed the Botswana Savings Bank Act, which established the BSB as an independent, national financial institution, wholly owned by Government. The purpose of BSB is to provide avenues for saving by the small saver and to provide financial services for all the people of Botswana under the supervision of the Bank of Botswana. The services of BSB are provided countrywide through special Savings Bank counters at the Postal Services network (there were 112 Post Offices by the end of 1998). Services provided by the Botswana Savings Bank are savings and loans.
Search for Botswana Savings Bank Job Vacancies