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It is pleasing to report that for the first time in the short history of the institution, all the Group’s operating banking subsidiaries posted commendable results. Operating profit at BWP111 million is more than four times the BWP26 million achieved in 2009. The quality of earnings has improved, with most of the income being generated from core banking activities. This contrasts markedly with 2009 and prior years, when non-recurrent income contributed significantly to the profitability of the business...