First National Bank (FNB) Namibia recently launched the FNB App in partnership with MTC.
The Namibian economy still has four years before it can recover, FNB Namibia Economist, Namene Kalili, said on Thursday.
FNB Namibia could soon be unveiled as sponsor of the Namibia Rugby Premier League that has been without a benefactor since 2013 after MTC ended its eight-year relationship with the Namibia Rugby Union in 2012.
Namibian commercial banks, well known for declaring handsome profits every year, have come under pressure due to lower advances growth and lower interest rates charged to clients,
One of the country’s biggest sport benefactors, First National Bank (FNB) Namibia, has ruled out sponsoring the investment-starved Namibia Rugby Premier League (NRPL), saying this week that such sponsorship is not in line with its strategic objectives.
FNB Namibia has said that overall performance of the tourism industry is expected to come in at -13.9 percent at the end of the year when compared to last year, unless third and fourth quarter numbers register unexpected high levels.
As first reported by the Windhoek Observer in May, FNB Namibia paid N$328 million in cash to acquire EBank and the Pointbreak group of companies early this year, the lender’s 2017 Integrated Annual Report released last week has revealed.
FNB Namibia says it’s keen to increase Namibian ownership to 45 percent from the current 39 percent, Chief Executive Officer, Sarel van Zyl, said in an interview.