This is consistent with accepted best practice and governance norms that the Board and Management of individual firms should be allowed to determine the appropriate capital structure and economic capital management for a bank, subject, of course, to meeting the minimum thresholds for prudential regulatory capital adequacy 5  requirements.
That said, the non-existence of Stanbic Bank on the domestic bourse could be misinterpreted to mean lack of long-term commitment and willingness to have the Botswana public participate in the ownership of the bank. This point assumes particular significance in the context of a country where all the 10 licensed commercial banks are subsidiaries of foreign-owned entities.