Pointbreak, EBank now under FNB stable

Namibia's first and only branchless commercial bank, EBank, has now been acquired by FNB Namibia Holdings, following an announcement by FNB.Commenting on the transaction, FNB Holdings group CEO Sarel van Wyk said: “We are extremely pleased that the market sees the potential of this acquisition as beneficial to Namibia. Our customers are the reason for our existence, and the expansion of our ability to better meet their needs whether at grass roots level or at high end investment level, as well as within our current wide range of expertise, will enable us to continue to deliver sustainable benefits to our staff, customers and shareholders enabling greater reach in assisting the development and growth of Namibia as a whole.”The head of private equity firm Stimulus Josephat Mwatotele said following the close of transaction: “There are many synergies between Pointbreak, EBank, FNB and Ashburton Investments and we look forward to unlocking these synergies for the benefit of our long-standing Namibian client base. We are confident that the transaction will allow us to broaden our wealth and investment management offering even further, and excited about the many opportunities presented by the large footprint and infrastructure provided by the FNB Namibia group for our whole team.”As part of the transaction, the insurance book of Namsure Insurance Brokers, a subsidiary of Pointbreak, will be acquired by FNB Insurance Brokers.Pointbreak has a majority share in Stimulus Investments Limited that owns 100% of Namibia Media Holdings (NMH). NMH is the holding company of, amongst others Namibian Sun, Republikein, Allgemeine Zeitung and Newsprint Namibia. The approved transaction means that FNB Namibia owns 39% of NMH.OGONE TLHAGE

Pointbreak, EBank now under FNB stable

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Namibian Sun 2025-09-16

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Pointbreak, EBank now under FNB stable

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Namibian Sun 2025-09-16

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