When was fnb namibia established

When he announced a repo rate cut on May 22, Alweendo said: "In the past, the Executive Committee EC has expressed its concern about the magnitude of the spread between the repo rate and the prime lending rates of commercial banks.

The BoN, therefore, expects that the commercial banks will use this opportunity to reduce the spread. Meanwhile Namibian authorities' moved to licence two banking institutions to operate in the country, signalling an opening up of the financial sector. This seemingly as a result that calls by the BoN and government for the South African headquartered banks to localise their operations have fallen on deaf ears, with the commercial banks arguing that the move is too costly.

They envisage establishing multiple distribution channels across Namibia," BoN said. The analyst noted that local banks operate like a 'cartel', judging by their pricing mechanisms and product availability. The analyst added that there is no competition among local commercial banks, which have largely been using a uniform interest rates.

The move which might have necessitated the central bank to open up the market to more players could include haggling over localisation of operations and the interest rate spread. They are not actively competing and they banks are not helping in availing products to consumers," the analyst said. He added that Bank PHB Namibia might be seeking to close the gap which is being left by the traditional banks, but warned that it was not going to be rollercoaster ride.

Standard Bank Africa is in the process of introducing an agricultural banking offering. It will target the agriculture value chain from pre-production through to processing, and will include a funding solution to make finance and direct inputs, such as seed and fertiliser, more accessible to small-scale farmers. In Namibia, the government has renewed its focus on developing the emerging farming sector.

One such initiative is the Millennium Challenge Account, a collaboration between the Namibian and American governments aimed at strengthening national agriculture and tourism.

Some of the agriculture-related aspects covered by TESEF are the redistribution of land, giving previously disadvantaged communities access to land, as well as active social and economic development in the sector.

These initiatives have prompted an increase in competitive agricultural financing from other major banks. To increase its share of this market, Standard Bank Namibia has appointed an agricultural adviser, provided agricultural credit training for agricultural business managers and credit evaluation managers, and introduced a specific product offering for the agricultural sector.

Research Research Research activity and project outlines. About IDE. Input-Output Tables Download. Representation Points. Six Year Summaries. Change of Address or Bank Information. At FNB Namibia, we offer our customers a range of products and services to suit their personal and business financial needs.

We also focus on the community and strive to make a difference in the lives of our fellow Namibians. FNB Namibia Ltd. Investing in the community and future of our country is a priority.

The FirstRand Namibia Foundation Trust is the vehicle through which we support non-profit organisations and institutions working towards the development and empowerment of the broader community. FirstRand Namibia Holdings Limited is home to some of the most successful financial brands in the country. First National Bank of Namibia offers banking and investment services to individuals and business across our vast country whilst RMB Namibia offers the corporate and investment banking associated with a growing economy.

WesBank is the vehicle and asset financing arm of the Group to individuals and businesses alike. FNB Insurance Brokers also offers life cover options. FirstRand-Namibia Holdings prides itself on its heritage of service excellence through the provision of financial services to every sector of the Namibian economy.

With our broad-based Namibian shareholding, our comprehensive range of financial products and services, our deep understanding of the local financial environment and our countrywide network of branches and agencies, we provide a fully integrated package of financial solutions to every Namibian - and to every corner of our beautiful land.

As a large corporate company, FNB Namibia subscribes to strong values and a set vision and mission. Be the best employer in Namibia to the best people, who are passionate about stakeholder relations and innovative, client-centric value propositions delivered through efficient channels and processes in a sorted out and sustainable manner.

Our financial results are available below. Depending on the speed of your Internet connection, these PDF files may take a few minutes to open. Please note you need Adobe Acrobat Reader to open these files. Download Adobe Acrobat Reader free of charge. First National Bank gets involved in a wide variety of cultural and sports events across the country. From sports to art, we sponsor events around the country. School sport. If you continue to use the website please note we use cookies to provide you with the best possible web experience, which includes performing analytics and showing you relevant advertising.

Clearing cookies can limit functionality. Please maintain cookie settings if you do not want this to happen. Strictly Necessary These cookies are necessary for our website to function properly and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in.

You cannot opt-out of these cookies. You can set your browser to block or alert you about these cookies, but if you do, some parts of the site will not work. These cookies do not store any personally identifiable information. Performance Cookies These cookies collect information about how visitors who use our websites, which is used to improve website performance. These cookies are also used for tracking and online advertising purposes. Marketing Cookies These cookies are used for tracking and online advertising purposes.

World of FNB. For Me. For My Business. For Corporates. Private Banking. Careers at FNB. Find a branch. Find an ATM. What would you like to do? Performance Cookies These cookies collect information about how visitors who use our websites, which is used to improve website performance. These cookies are also used for tracking and online advertising purposes. Marketing Cookies These cookies are used for tracking and online advertising purposes.

The World of FNB. About us. For Me. For My Business. Private Banking. Careers at FNB. What would you like to do? Start new application. Retrieve existing application. Please select. Need help with the process? Daily Banking. Switch to FNB Do it now! Your login details have been entered incorrectly Please note that on your 3rd attempt, your profile will be blocked.

Forgot your login details? This is your third and last attempt available. Your profile will be blocked if you fail to enter your login details correctly. Oh no! We've noticed that you've tried to login more than 3 times. You might have blocked your Online Banking profile. In order to unlock your profile, reset your username and password.

Reset password and username. Forgot password. Reset password or username. Get in touch. Environmental policies and compliance. Paper saving initiatives. Suppliers and other third parties. Community projects.