Corporate Governance

Prudential Regulation

Licensed by the Bank of Botswana according to the provisions in the Banking Act (Cap 46:04, section 4), First Capital Bank is governed by the banking laws of Botswana which are in place for the purposes of supporting financial stability. The governing laws of the Bank of Botswana ensure that only sound and reputable banks can operate in the country.

From time to time the Bank of Botswana issues guidelines to the banks operating in the country to assist them in complying with their legal responsibilities.

Corporate Governance

Adequate and efficient communication and monitoring systems are in place to ensure that the Directors receive all relevant, accurate information to guide them in making strategic decisions, providing effective leadership, control and strategic direction over the company’s operations, and in ensuring that the company fully complies with relevant legal, ethical and regulatory requirements.

First Capital Bank Botswana is governed by a seven member non-executive Board of Directors.

Pillar 3 Disclosure

First Capital Bank’s Pillar III disclosure is made in accordance with the requirements of the revised capital directive, which is based on Basel II, and became effective 1st January 2016, read together with the Basel Committee on Banking Supervision’s Revised Pillar 3 disclosure requirements issued on 28 January 2015.

Pillar III is vital in providing information to the market about the bank’s capital; risk assessment and management; and the underlying methodologies. The key objective of Pillar III is to allow market discipline to operate as sharing of information facilitates assessment of the bank by other parties such as investors, analysts, customers, other banks, and ratings agencies, leading to improved transparency and corporate governance . This will enhance market discipline, efficiency and confidence. To view the entire Pillar 3 Disclosures for the quarter ended 30 June 2018 for First Capital Bank (then trading as Capital Bank) please click here.