FNB holdings group changes investor name

12 July 2018 | Banking

First National Bank (FNB) Namibia holdings limited group has changed its investor name to FirstRand Namibia Limited.

The holdings group announced this last week on the Namibia Stock Exchange that the company’s name was amended by the Registrar of Companies with effect from 02 July 2018.

The group’s chief executive officer, Sarel van Zyl explained in a statement sent to Nampa on Tuesday that the name change was a natural progression for the group which had expanded over the past few years according to a multi-branded approach.

“We found that the current naming of the listed entity is mostly likened to only the FNB brand, which does not reflect the end-to-end financial services entity that the group represents,” he said.

The new name, FirstRand Namibia Limited, would serve as the umbrella investor name only.

The standalone brands within the group, First National Bank, Rand Merchant Bank, WesBank, Ashburton and Outsurance will continue to operate under their existing names. - Nampa

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