FirstRand Namibia Limited — Namibian listed bank reporting N$2.15 billion net profit for year ended June 2026, driven by corporate lending growth and lower bad-debt provisions.
News reports
Order a long-term news report on FirstRand Namibia Limited
Every mention in the Namibian press over the period you choose, compiled as a PDF or Word document.
Key points drawn from coverage. Tap a point to see the original sentence.
Windhoek Observer
FirstRand Namibia agreed to 5.71% wage increase for 2026/27 financial year
“FirstRand Namibia and the Namibia Bank Workers Union (NBWU) have concluded a wage settlement agreement for the 2026/27 financial year, with employees in the defined bargaining unit set to receive an average salary increase of 5.71%.”
FirstRand Namibia, bank workers union agree to 5.71% wage increaseThe Namibian
FirstRand Namibia rose slightly to N$55.22
“FirstRand Namibia rose slightly to N$55.22, bringing its annual gain to 17.19%, with results expected on 11 September.”
NSX market insights for 6 JulyWindhoek Observer
FirstRand Namibia generates returns on equity above current cost of equity across economic scenarios
“The report identifies FirstRand Namibia as the preferred banking stock on the Namibian Stock Exchange (NSX), citing its ability to consistently generate returns on equity above the current cost of equity across a range of economic scenarios.”
Banking sector remains an attractive investment destinationThe Namibian
FirstRand Namibia Limited appointed Conville Britz as non-executive director, effective 1 April
“FirstRand Namibia Limited has appointed Conville Britz as a non-executive director, effective 1 April, in line with Namibia Securities Exchange (NSX) listing requirements.”
FirstRand Namibia appoints Conville Britz as non-executive directorThe Namibian
FirstRand Namibia recorded N$1.497 billion profit for six months (ended 31 December 2025) with earnings rising 15.3% year-on-year
“FirstRand Namibia's profit of N$1.497 billion for the six months (that ended 31 December 2025) with earnings rising 15.3% year on year”
Austerity for Namibia’s Working People?Informanté
FirstRand Namibia (FNB) committed N$2 million to the FMD Support Fund
“Bank Windhoek and FirstRand Namibia (FNB) each committed N$2 million, while Namib Mills and Feedmaster pledged N$1.5 million each to support prevention and control measures.”
Agriculture Ministry launches FMD Support Fund and Task ForceThe Namibian
FirstRand Namibia CEO Conrad Dempsey congratulated the team on qualifying for the T20 World Cup
“FirstRand Namibia CEO Conrad Dempsey congratulated the team on qualifying for the T20 World Cup.”
Eagles eye T20 World Cup upsetsThe Namibian
FirstRand Namibia was most actively traded local counter in 2025 with turnover of N$151.8 million
“However, FirstRand Namibia was the most actively traded local counter in 2025, with turnover of N$151.8 million, followed by Capricorn Group at N$77.1 million and SBN Holdings at N$46.6 million.”
Banks and telecoms lead NSX gains in 2025The Namibian
FirstRand Namibia made colossal combined profit of N$2,3 billion in 2022
“In 2022, the Capricorn Group (Bank Windhoek) and FirstRand Namibia made a colossal combined profit of N$2,3 billion.”
An Insatiable Appetite for ProfitThe Namibian
FirstRand Namibia channels at least 1% of net profit towards CSR
“As per FirstRand Namibia's business model, channeling at least 1% of net profit towards CSR constitutes their commitment to the communities they serve.”
An Insatiable Appetite for ProfitFirstRand Namibia shareholders approved all ordinary resolutions at the annual general meeting held on 16 October 2026, including annual financial statements, dividend confirmation, and director appointments. A total of 236,198,047 shares were voted, representing 88.27% of shares.
17 hours ago · Windhoek Observer →
FirstRand Namibia shareholders approved all ordinary resolutions at the annual general meeting held on 16 October 2026, including annual financial statements, dividend confirmation, and director appointments. A total of 236,198,047 shares were voted, representing 88.27% of shares.
17 hours ago · Windhoek Observer →
Old Mutual Namibia has appointed Alovise Frey as general manager for finance and operations for the Old Mutual Investment Group Namibia, effective 1 October. Frey brings more than 12 years of experience in finance, risk management, credit, compliance, audit and taxation from her previous role as head of finance for FNB Namibia's commercial banking segment.
17 hours ago · Windhoek Observer →
Namibia's major listed banks recorded divergent performances in the first half of 2026. FirstRand Namibia's profit after tax grew 9.3% to N$1.078 billion, driven by lower bad-debt provisions following loan-book clean-up and N$683 million in write-offs, while SBN Holdings boosted pre-provision profit 5.1% through 17.4% loan growth partly supported by a N$2 billion Ministry of Finance facility.
15 October 2026 · Windhoek Observer →
Namibia's NSX Local Index rose 0.11% while the NSX Overall Index fell 0.27%, with gains from Capricorn Group, FirstRand Namibia, SBN Holdings, and Mobile Telecommunications Limited. South African markets declined, with the JSE All Share Index falling 0.85% and the Top 40 Index down 0.92%.
3 October 2026 · The Namibian →
Skeleton Basin Investments Limited has appointed three independent non-executive directors, including Debmarine Namibia chief executive officer Willy Mertens as chairman of the board, effective 25 September 2026.
28 September 2026 · Windhoek Observer →
The Namibia Investment Promotion and Development Board and FirstRand Namibia held a CEOs' Roundtable with close to 40 executive business leaders to address Namibia's competitiveness decline, following the country's drop in the 2026 IMD World Competitiveness Yearbook to 69th out of 70 economies.
21 September 2026 · Windhoek Observer →
FirstRand Namibia reported a N$2.15-billion net profit for the year ended in June, boosted by corporate lending and reduced bad-debt provisions, up from N$1.91 billion in the previous financial year. Profit before tax rose 12.7% to N$3.01 billion, with the group's return on equity remaining at 28.5%.
14 September 2026 · The Namibian →
FirstRand Namibia returned N$3.9 million to senior citizens during the 2026 financial year through fee waivers and benefits including waived monthly account maintenance fees, no minimum balance requirements, and free transactional services for customers aged 55 and older.
13 September 2026 · The Namibian →
FirstRand Namibia's net profit after tax increased by 12.2% to N$2.14 billion for the year ended 30 June 2026, supported by growth in net interest income, lower impairment losses and expansion in advances and deposits. The group declared a final dividend of 446.57 cents per share, up 57.2% from the previous year.
11 September 2026 · Windhoek Observer →
RMB Namibia has appointed Rehabeam 'Ray' Auala Jr as head of global markets effective 1 June, as the bank strengthens its market and risk management offering amid growing demand for foreign exchange, risk management solutions, and capital markets services. Auala Jr brings over 12 years' experience within FirstRand Namibia group across financial accounting, treasury, and global markets.
30 August 2026 · The Namibian →
FirstRand Namibia expects its earnings and headline earnings for the year ended 30 June 2026 to increase by between 10% and 15% compared with the previous financial year, supported by stronger credit performance, growth in lending and deposits, and higher customer numbers.
24 August 2026 · Windhoek Observer →
Cricket Namibia will host the FNB T20 Tri-Series between Namibia, South Africa, and Zimbabwe at the FNB Namibia Cricket Ground in Windhoek from 28 August to 6 September, followed by three ODIs between Namibia and South Africa. The tournament is led by Cricket South Africa and Zimbabwe Cricket in partnership with Cricket Namibia to strengthen African cricket collaboration and will serve as a foundation for the launch of the Africa Cup in 2027.
7 August 2026 · The Namibian →
FirstRand Namibia and the Namibia Bank Workers Union have concluded a wage settlement for the 2026/27 financial year, providing employees an average salary increase of 5.71% effective from 1 August 2026, implemented according to pay-for-performance principles.
24 July 2026 · Windhoek Observer →
Four leading corporate organisations — MTC Namibia, Allan Gray Orbis Foundation, FNB Namibia, and Capricorn Foundation — have partnered to launch Corporate Social Investment (CSI) Mukopano, the country's first social investment partnership. The inaugural event, to be held in Windhoek on 11 August, aims to bring together companies, policymakers, development partners, educators and entrepreneurs to coordinate social investment initiatives and community development projects.
9 July 2026 · The Namibian →
The Namibian Securities Exchange closed marginally higher on 6 July, with the NSX Local Index rising 0.04% and the NSX Overall Index advancing 0.63%, driven by gains in banking and investment counters including SBN Holdings, Capricorn Group, and FirstRand Namibia.
7 July 2026 · The Namibian →
Namibia's banking sector continues to draw investors, though earnings quality differences among listed banks are now structural rather than cyclical, according to Simonis Storm's Banking Report 2026. FirstRand Namibia is identified as the preferred banking stock, while Standard Bank Namibia received an accumulate rating and Capricorn Group a reduce rating pending improvements in key indicators.
3 June 2026 · Windhoek Observer →
FirstRand Namibia has appointed Conville Britz as a non-executive director effective 1 April, in accordance with NSX listing requirements. Britz, currently general manager for strategy and projects at the Government Institutions Pension Fund, brings experience in strategy and institutional investment to the board.
29 March 2026 · The Namibian →
FNB Namibia has been named the Best Bank in Namibia for 2026 by Global Finance, the second year running. The award recognises the bank's focus on innovation, customer service, and responding to Namibia's economic challenges.
23 March 2026 · New Era →
First National Bank Namibia has been named the best bank in Namibia for 2026 by Global Finance's World's Best Banks Awards, marking the second consecutive year the bank has received the recognition. The award honours top-performing banks across 36 African countries, territories and districts and recognises institutions that demonstrate resilience while adapting to industry challenges including regulatory pressures and fintech competition.
20 March 2026 · The Namibian →
An opinion piece criticizes Namibia's 2026 budget for adhering to austerity and neo-classical economics rather than pursuing structural economic transformation. The authors argue that the government should instead implement expansionary policies, industrialisation, public investment in social sectors, and democratic economic controls to address unemployment and inequality.
8 March 2026 · The Namibian →
Namibia's Ministry of Agriculture has established the Foot-and-Mouth Disease Support Fund and FMD Task Force to protect the livestock sector against potential outbreaks, with private sector pledges including N$2 million each from Bank Windhoek and FirstRand, and N$3 million annually from the Namibia Agricultural Union. The initiatives will support vaccination campaigns, border biosecurity, veterinary infrastructure, and farmer awareness programmes to safeguard Namibia's N$15 billion livestock industry.
27 February 2026 · Informanté →
The FNB Namibia Eagles cricket team is heading to the T20 World Cup in India and Sri Lanka, starting with warm-up matches in the UAE before their opening fixture against the Netherlands on 10 February in Delhi. The team has been drawn in Group A with cricket powerhouses India and Pakistan, plus associate nations the Netherlands and the US.
23 January 2026 · Informanté →
The Namibia cricket team has received a farewell ahead of the T20 World Cup in India and Sri Lanka next month. Coach Craig Williams says the team is travelling not as underdogs but to compete and cause upsets, despite being drawn in a tough group alongside India, Pakistan, the Netherlands, and the United States.
22 January 2026 · The Namibian →
FNB Namibia has been awarded the title of Top Employer in Namibia and Africa for 2026 by the Top Employers Institute, the second consecutive year the bank has received this recognition. The certification recognizes FNB's data-driven people strategies, modern workspaces, flexible working models, wellness programmes, and commitment to attracting and retaining top talent.
19 January 2026 · New Era →
First National Bank (FNB) Namibia has been awarded top employer in Namibia and Africa for 2026 by the Top Employers Institute for the second consecutive year, following an independent assessment of HR practices including people strategy, work environment, talent acquisition, learning, and employee well-being.
17 January 2026 · The Namibian →
Banking and telecommunications stocks led gains on the Namibia Securities Exchange in 2025, with Standard Bank Holdings, Capricorn Group, and FirstRand Namibia recording the highest price returns, although overall trading activity remained subdued as the second-lowest year for local value traded since 2012.
10 January 2026 · The Namibian →