MOVES-Standard Chartered Botswana chief executive resigns

GABORONE, Feb 15 (Reuters) - The head of Standard CharteredBotswana has resigned, the British bank said onWednesday, without giving reasons.

Moatlhodi Kefentse Lekaukau, who joined the StandardChartered Botswana in 2012 as chief executive, willstep down with effect from March 31, the bank said.

"Mr Lekaukau has successfully guided the company through thedifficult business environment of recent years, maintaining astrong balance sheet and ensuring a balance between investmentand returns to shareholders," the bank said.

Standard Chartered Botswana, the country's third largestbank by loan book, reported an 85 percent drop in 2015 profit to47 million pula ($4.52 million) due to higher interest expensescoupled with a 100 million pula impairment charge, which thebank said was largely for one corporate client.($1 = 10.4058 pulas) (Writing by Tiisetso Motsoeneng. Editing by Jane Merriman)

Standard Chartered