FNB Namibia

SMEs crucial to Namibia’s economic growth, says FNB

Small and Medium Enterprises (SMEs) are playing a growing role in economic development, with their impact reaching beyond just job creation. According to FNB Namibia's Head of SME, Nesdha De Jongh, SMEs are key to addressing some of the country’s most pressing issues, including high youth unemployment and inequality. “SMEs are the backbone of the economy,” De Jongh said. “We need to empower their growth so that they’ll be able […]

20 May, 2025 38

Business / Economics

FNB Namibia scoops award for Best International Private Bank for 3rd consecutive year

(Contributed Photo) By: Hertha Ekandjo FNB Namibia has been named the Best International Private Bank for the third consecutive year at the Euromoney Private Banking Awards held in London. This recognition solidifies the bank's position as a global private banking and wealth management leader. Euromoney's Private Banking Awards, now in their 20th year, are widely regarded as the most definitive and respected awards programme within the global banking industry. The […]

14 April, 2025 64

Business / Economics

FNB Namibia freezes accounts over KYC non-compliance

The First National Bank (FNB) Namibia has started freezing the accounts of customers who fail to comply with Know Your Customer (KYC) regulations, leaving some clients frustrated over the lack of access to their funds. The move is part of the bank’s obligation to adhere to the Financial Intelligence Act and other regulatory requirements aimed at preventing financial crimes. FNB Namibia’s spokesperson, Kirsty Watermeyer, said that freezing accounts […]

28 February, 2025 137

Business / Economics

FNB Namibia house price index reports 7% growth in Q3 2024

The FNB Namibia House Price Index for the third quarter of 2024 has revealed a growth of 7%, with notable increases observed in the central, coastal, and northern regions. However, the southern regions continued to experience sluggish growth. According to Market Research Manager at FNB Namibia, Mandisa Van Wyk, the growth in house prices was also supported by improved transaction volumes, although they remain in contraction. […]

22 January, 2025 100

Namibia

FNB Urges Customers to Protect Passwords Amid Rising Threats

FNB Namibia has expressed concern over an increase in crimes involving customers being threatened into sharing their banking passwords or OTPs. Communications Manager Kirsty Watermeyer, in a statement, highlighted that the bank collaborates closely with law enforcement to investigate such cases and support arrests. FNB reassures customers of robust security measures, including two-factor authentication, encryption, and advanced fraud detection systems. However, the bank advises customers to reduce daily ATM withdrawal […]

20 January, 2025 32

Business / Economics

Rental Market Sees Surge, Led by Two-Bedroom Units

The average rental price in Namibia reached N$7,348 on a 12-month rolling basis, with two-bedroom units driving market growth, according to recent data as reported by The Brief. In the second quarter of 2024, rentals for two-bedroom properties saw a notable 14.7% increase, up from 11.6% in the first quarter, representing the highest growth among all categories. FNB Namibia’s Rent Price Index attributes this rise to changing tenant preferences […]

10 January, 2025 18 2

Business / Economics

FNB Namibia Warns Customers About Rising Holiday Fraud

Tjirimuje Raseuatjo, FNB Namibia's Head of Operational Risk, has raised concerns about a surge in fraud cases during the festive season, particularly affecting those who may be more relaxed. The bank reminds customers that it will never ask for sensitive information like OTPs or passwords and urges them to take secure measures to protect their accounts.

18 December, 2024 38

Local

FNB Namibia Donates Speed-Point and TV Monitors valued at N$20,000 to Katutura Magistrate Court

05 December 2024 WINDHOEK, NAMIBIA – FNB Namibia is proud to announce its contribution to the Katutura Magistrate Court with the donation of two television monitors and a speed-point device, aimed at enhancing the court's service delivery and communication with the public. At the handover ceremony, held at the Katutura Magistrate Court, FNB Namibia Relationship Manager for Public Sector Banking Balle Hans expressed gratitude for the opportunity to contribute […]

6 December, 2024 20

Business / Economics

FNB Namibia Named Best Bank in Namibia at Global Banker Awards

First National Bank of Namibia has been recognized as the Best Bank in Namibia at this year's Banker's Bank of the Year Awards, held in London. The prestigious accolade highlights FNB Namibia’s commitment to providing innovative, socially impactful financial solutions while adhering to global best practices. Conrad Dempsey, CEO of FirstRand Namibia, expressed gratitude for the trust and loyalty of customers, reaffirming the bank's mission to foster a globally competitive […]

6 December, 2024 28