This Annual Report presents information on the structure, performance and general state of the banking industry as well as banking regulation and supervision developments in Botswana during 2021. In accordance with Section 28 of the Banking Act (Cap. 46:04), the Bank of Botswana (Bank) is required to submit to the Minister of Finance, by June 30 each year, a report on the business affairs of all banks and of all persons or institutions whose affairs were examined by the Bank and all other pertinent matters, which the Bank dealt with during the year under review. The Bank has consistently complied with this statutory requirement.