Channel Islands launches in Botswana

16th March 2017
Boitumelo Mogopa Source:The Midweek Sun


By Portia Nkani - Reporter

FNB Botswana has launched its first offshore transactional and investment account banking solution for premier and private clients, Channel Islands. 

FNB Channel Islands is located at Guernsey - a leading international financial centre - in the English Channel and allows FNBB clients the opportunity to save and transact in several currencies, including Pound Sterling, US Dollar and Euro, all of which the Pula is pegged to.

Clients can transact with the convenience of the FNB Channel Islands online banking platform as well as interact with their dedicated Channel Islands Service Suite. Speaking at the launch of the offshore account, FNB Botswana Retail Director, Boitumelo Mogopa said that strategic wealth management was about reviewing all of one’s investments and seizing any opportunity on offer.

“At FNB, we understand the life cycle of our clients and we endeavour to develop a product offering to assist them in diversifying their investments. FNB Channel Islands is such an offer”.  The product offers an opportunity for one to take charge of one’s foreign exchange cash flow needs and return expectations in a global world in which doing businesses in offshore markets is a reality.

It is also an ideal product for children studying outside the country that must pay schools fees and other needs in foreign currencies.  With this service, clients receive a chip and pin master debit card that enables transacting or swiping when travelling internationally without incurring foreign currency fluctuations.

Solutions Strategist at FNB International Nikita Preston, said that FNB Channel Islands is head-quartered in Guernsey in the English Channel and first opened its doors in 2015.

Guernsey is also home to FNB International Trustees who are the bank’s specialist provider of Offshore Trust and Company services to clients world-wide
The combined economies of the US, UK and Euro areas are significant for global growth trends and make up almost a 3rd of the world’s GDP.

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