##apye. it has four co - branded branches ( with botswanapost ) in railpark mall ( gaborone ), mahalapye, serowe and here in hukuntsi. bsb also delivers banking services and products through the botswanapost network of one hundred and twenty - four offices country wide. it also has thirteen automated teller machines ( atms ) across the country. in the fifteen years between 2005 and 2020 ( september ), the value of bsb ’ s assets has increased almost ten times ; from p255 million in 2005 to p2. 4 billion, with a staff complement of one hundred and ninety - six ( 196 ). i also note that, fittingly, botswana savings bank annually commemorates a world savings day in order to sensitise the nation about the importance of savings. in addition, the bank plays a part in corporate social responsibility initiatives including donating computers to various schools, installation of geysers at lehututu junior secondary school and donating an assembly shelter at lecha assembly area at mphinyane primary school at hubona village. these corporate social responsibility programmes make the bank visible and help project the value of its services to the community. for this, i commend the board and management of bsb ; and encourage them to continue investing in the communities where they operate or reside ; and please do whatever you can to look after the environment. distinguished guests, as i conclude, i take the opportunity to express sincere gratitude to the board and management of bsb for having responded positively to the government ’ s desire and objective to expand financial service to previously unbanked communities. we thank you rre marumuloa and your team for this foresight, innovation and dynamism as you continue to expand the footprint of the bank, making access to financial services possible ; not only physically, but digitally as well. i, therefore, encourage the local communities to take advantage of proximity of the bank and availability of its digital platforms to make use of the financial services the bank is offering, now and in the future. distinguished ladies and gentlemen, it is now my pleasure and privilege to declare the bsb hukuntsi branch officially open. i thank you all for your kind attention and for being part of this important occasion.

survey on fintech data will be summarized in a report and made publicly available on the bis website ( https : / / www. bis. org / ifc / publications. htm? m = 3 % 7c46 % 7c94 ). 3. these numbers are taken from bloomberg and refer to the first quarter of 2019. 4. see berg and gider ( 2016 ) for a discussion on the leverage ratios of banks and nonfinancial firms. 5. updated information on the evaluation, including consultative and final reports, will be available at : https : / / www. fsb. org / work - of - the - fsb / implementationmonitoring / effects - of - reforms / 6. the g7 ( gruppe der sieben ) has, for instance, agreed on common principles for addressing cyber risks : https : / / www. bundesbank. de / en / tasks / topics / g7 - countriesadopt - reports - on - cybersecurity - 764644 7. see item 7 of the european commission ’ s banking communication 2013 : “ financial stability remains of central importance in the commission's assessment of state aid to the financial sector under this communication. ” art. ( artikel ) 107 ( 3 ) b. 8. brrd, art. ( artikel ) 32 ( 4 ) d : [ an institution shall be deemed failing or likely to fail if ] “ extraordinary public financial support is required except when, in order to remedy a serious disturbance in the economy of a member state and preserve financial stability [ … ]. ” [ … ] “ in each of the cases mentioned [ … ], the guarantee or equivalent measures referred to therein shall be confined to solvent institutions and shall be conditional on final approval under the union state aid framework. ” 9. in a similar vein, carletti and smolenska ( 2017 ) argue that viewing financial regulations through the lens of competition theory and enhancing cooperation between different authorities can be beneficial. 10. using a list of fintech firms taken from dorfleitner, hornuf, schmitt and weber ( 2017 ), von kalckreuth and wilson ( 2019 ) could match 180 of the 433 firms on that list to entries in the destatis business register. 11. data on the “ use side ” of fintech by households and firms is also extremely scarce. in this regard, an ongoing household survey on credit platforms