The Botswana Building Society was established on 13 December 1976 with assets of only P4,108,000 after three months of business as at 31 March 1977. Its assets consisted of Government stock of P200,000, advances of P2,505,000 and cash and investments amounting to P1, 264,800.
The advances comprised 488 mortgages taken over from the then United Building Society of SA, of which the Society had until then operated as a branch. Only nine new home loans were advanced in its first three months of operation. The liabilities consisted of P2,644,700 in capital, mostly subscribed to by Government in shares, a statutory reserve of a mere P200, and retained earnings of P1,900. Savings and fixed deposits accounted for P1,388,700, with creditors and provisions making up the balance.
To provide affordable property finance and attractive investment returns through efficient utilisation of resources in the spirit of teamwork for the benefit of their stakeholders.
To be the premier provider of property finance and attractive investment returns in Botswana.
The Botswana Building Society has 5 values. The BBS values do not just describe the Botswana Building Society’s culture, but also encapsulate the spirit of Botho. BBS therefore understands that everything it does is about Batswana and hence their values give substance to what they are and why they are proud to serve within their society. BBS is committed to the following key values which are fundamental to their business philosophy.
Corporate Social Investment
Botswana Building Society contributes towards improving the quality of life of communities both rural and urban in Botswana through its Corporate Social Investment (CSI) program. BBS also seeks to empower the community by funding projects that benefit the disadvantaged members of their society.
Accordingly, the BBS CSI program concerns itself with community, cultural, social development, sports, environment and conservation and charitable initiations. Over the years, BBS has supported many community initiatives such as donation of garden tools and equipment at Aerodrome Primary School, and conservation groups including the Kalahari Conservation Society.
The latest major community project by BBS is the construction of a fully fitted library worth over a million Pula for Letswai Primary School in the settlement of Zutshwa, Kgalagadi North.