FNB Botswana has launched an offshore bank which is known as Channel Islands, an international banking solution catering for premier and private clients. The branch is located in Guernsey, in the English Channel, and allows FNBB clients the opportunity to save and transact in a number of currencies. FNB International Solutions Strategist, Nikita Preston, said one of the key factors at play when deciding on Guernsey as a home for their offshore banking solution was the fact that the finance industry on the Island is extremely well regulated, making Guernsey a leading international financial centre. Preston said FNB Channel Islands allows their clients to transact and save offshore in three currencies: Pounds Sterling, US Dollar and Euro. “Our suite of products includes a Sterling current account, which is accompanied by a MasterCard debit card,” she said. “We live in a global world where we find ourselves doing businesses in offshore markets. This product offers an opportunity for you to take charge of your foreign exchange cash flow needs and return expectations,” said Boitumelo Mogopa, FNBB Retail Director. Mogopa said clients will receive a chip and pin master card debit card that enables transacting or swiping when travelling internationally without incurring foreign currency fluctuations.