First National Bank (Namibia)
{{Infobox company
| name = FNB Namibia Holdings Limited
| logo =
| logo_size = 150px
| caption =
| type = Public
| traded_as = NSX: FNB{{cite web|url=http://nsx.com.na/?page_id=413 |title=Listed Companies | Namibian Stock Exchange |publisher=Nsx.com.na |date= |accessdate=2016-09-27}}
| predecessor = Merger of First National Bank Limited and Swabou
| industry = Banking
Financial services
| foundation =
| founder =
| location_city = 130 Independence Avenue, Windhoek
| location_country = Namibia
| key_people =
P Grüttemeyer
(Chairman)
Conrad Dempsey
(CEO FirstRand Holdings)
Nangula Kauluma
(CEO:FNB Retail)
Sepo Haihambo
(CEO:FNB Retail)
Georg Garrels
(CEO:FNB Insurance)
Rodney Forbes
(COO: FNB Namibia)
| area_served =
| products = Consumer banking, Corporate banking, Financial services, Investment banking, Home loans, Private banking, Short Term Insurance, Alternative Banking Channels
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| num_employees = 2000+ (2024)
| parent = First Rand
| divisions = Wesbank, RMB Namibia, FNB Insurance, FNB Namibia, Ashburton
| subsid =
| homepage = {{URL|https://www.fnbnamibia.com.na/| www.fnbnamibia.com.na}}{{cite web|url=https://www.fnbnamibia.com.na |title=Home - First National Bank - FNB |publisher=Fnbnamibia.com.na |date=2014-09-14 |accessdate=2016-09-27}}
}}
First National Bank Namibia (FNB Namibia) is Namibia{{'s}} largest commercial bank and, according to The Banker magazine, Namibia's best performing bank for the fifth consecutive year.{{cite web|url=https://www.fnbnamibia.com.na/news/archive/2013/20131212best-bank-in-namibia.html |title=Five consecutive years FNB is best bank in Namibia - News - FNB |publisher=Fnbnamibia.com.na |date= |accessdate=27 September 2016}}
The bank is headquartered in Windhoek{{'s}} Independence Avenue. It is one of the eleven commercial banks licensed to operate in the country{{cite journal|first=Desie|last=Heita|title=Big four banks not scared of competition|journal=New Era|date=1 September 2009}} by the Bank of Namibia (BoN),{{cite journal|first=Desie|last=Heita|title=Micro Finance Banking Sparks Need for Regulation|journal=New Era|date=4 August 2009}}{{cite journal|first=Sukaynah|last=Alkatib|title=Lifeline for the |journal=Insight Namibia|date=September 2009}} and the first commercial bank created in the country before independence.{{cite journal|language= German|first=Marco|last=Mach|title=Mikrofinanzbank erhält Lizenz|journal=Allgemeine Zeitung|date=5 August 2009}}
History
FNB Namibia was founded as Deutsche Afrika Bank (DAB) in 1907, and in 1915 the National Bank of South Africa took over the assets of DAB which was in 1926 integrated with Barclays Bank. Barclays Bank changed the name of the South African operation to Barclays National Bank Limited in 1971, and later to First National Bank of Southern Africa. After the shareholding changed in December 1987, First National Bank of Namibia Limited was incorporated in February 1988. FNB Namibia was listed on the Namibia Stock Exchange in 1997 and is currently the largest locally listed company with market capitalisation of N$ 1,9 billion or 39% of the NSX total market cap. The merger between FNB Namibia and Swabou happened in 2003.{{cite web|url=https://www.fnbnamibia.com.na/about-fnb/fnb-namibia-history.html |title=About Us - About FNB - FNB |publisher=Fnbnamibia.com.na |date=2014-09-14 |accessdate=2016-09-27}}
=First Rand Group=
The First Rand Group was established in 1998, by the merger of First National Bank of South Africa, Rand Merchant Bank and Momentum Insurance & Asset Management. First Rand is listed as a "locally controlled bank" by the South African Reserve Bank, the national banking regulator.{{Cite web|url=http://www.resbank.co.za/RegulationAndSupervision/BankSupervision/Pages/SouthAfricanRegisteredBanksAndRepresentativeOffices.aspx|title=South African Registered Banks and Representative Offices - South African Reserve Bank|website=www.resbank.co.za|language=en-us|access-date=2017-08-17|archive-url=https://web.archive.org/web/20170817204632/https://www.resbank.co.za/RegulationAndSupervision/BankSupervision/Pages/SouthAfricanRegisteredBanksAndRepresentativeOffices.aspx|archive-date=2017-08-17|url-status=dead}} {{asof|May 2012}}, the group had total assets valued at US$90.3+ billion (ZAR:698 billion) (2011){{Cite web |url=http://firstrand.onlinereport.co.za/firstrand_ar_2011/firstrand-group/consolidated-statement-of-financial-position/ |title=30 June 2011 Group Financial Statement |access-date=10 August 2014 |archive-url=https://web.archive.org/web/20160927122753/http://firstrand.onlinereport.co.za/firstrand_ar_2011/firstrand-group/consolidated-statement-of-financial-position/ |archive-date=27 September 2016 |url-status=dead }} with subsidiaries in seven sub-Saharan countries and in Australia and India. Expansion plans in another six African countries are underway.{{Citation needed|date=June 2022}}
See also
References
{{Reflist}}
External links
- [https://www.fnbnamibia.com.na First National Namibia Limited official site]