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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.
First National Bank Namibia Limited, part of FirstRand Group; Standard Bank Namibia Limited, part of Standard Bank Group; Nedbank Namibia Limited, part of Nedbank Group; Bank BIC Namibia Limited, part of Angola's Banco BIC Group; Letshego Bank Namibia Limited, part of Letshego Group; Branch of Banco Privado Atlântico (Lisbon)
Lazarus Shinyemba Ipangelwa was a prominent Namibian businessman and former Chief Executive Officer of First National Bank (Namibia), born on 20 June 1955 in Omagongati, Oshana Region. Ipangelwa became the first local black person to head a commercial bank in Namibia when he was appointed in March 2003.
FNB is one of the three major divisions of the FirstRand Group, and the others being Rand Merchant Bank and Wesbank. First National Bank maintains banking subsidiaries which it owns wholly or in part, in Botswana, Mozambique, Namibia, South Africa, Eswatini, Tanzania, Zambia, Ghana, India, Lesotho and Guernsey.
Toggle Namibia subsection. 35.1 Central bank. 35.2 Investment Banks. ... First National Bank (South Africa) Indo-Zambia Bank Limited; Zambia Industrial Commercial Bank;
Banking in Namibia started in June 1906, when German colonists formed the Deutsche Afrika Bank, which would become the First National Bank of Namibia.Following Namibian Independence in 1990, the Namibian banking sector came under the control of the new government which restructured the sector and created the Bank of Namibia as the central bank.
The FirstRand group's history traces back to the 1970s as an investment bank.The group as currently was established on 1 April 1998, through a merger of the financial services interests of Anglo American Corporation of South Africa Limited (now Anglo American plc) and RMB Holdings (RMBH) in order to achieve the objective of a unified financial services grouping.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of First National Bank of Namibia Limited and other ratings that are associated with the same analytical unit.