EZULWINI – FNB Eswatini has posted a profit after tax of E268.8 million for the 2024/2025 financial year, maintaining its position as the leading financial institution in Eswatini.
The bank also announced total assets worth E10.3 billion, up 6 per cent from last year’s figures.
Its advances grew by 13 per cent to E4.7 billion, while deposits grew by 5 per cent to E6.6 billion.
Meanwhile, the bank’s cost-to-income increased from last year’s 59.2 to 63.3 per cent.
This was revealed at the bank’s 2024/25 Annual Financial Results presentation during a media and stakeholder engagement held at its head office in Ezulwini yesterday morning.
The E268.8 million reflects flat growth from the profit posted in the 2023/2024 financial year. Unpacking the results, FNB’s Chief Financial Officer (CFO) Njabulo Dlamini highlighted the bank’s intentional investment into people and platforms as a key focus of the 2024/25 financial year.
“Our 18 per cent growth in operating expenses is attributed to a deliberate investment in our people, technological development and support. We also continued investment in key regulatory projects and channel enhancements,” Njabulo said.
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FNB gives back E5.48m
EZULWINI – In the 2024/25 financial year, FNB Eswatini and its FNB Eswatini Foundation ploughed back E5.48 million into corporate social investment (CSI) programmes across Eswatini.
This was revealed by CEO Thokozani ‘TK’ Dlamini during the bank’s Annual Financial Results presentation yesterday morning. According to Dlamini, the bank invested E3.85 million in CSI and strategic sponsorships across its priority sectors, namely: Economic growth and entrepreneurship; sports development and inclusion; community well-being and social impact; education and youth empowerment; cultural promotion and environmental awareness.
“In addition, in collaboration with FNB Eswatini, the FNB Eswatini Foundation -co-sponsored the Entrepreneur of the Year Awards 2024 with a contribution of E1.6 million (E1 million from FNB Eswatini and E600 000 from FNB Eswatini Foundation), fostering a culture of entrepreneurship and innovation in the kingdom.
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Bank-customer base grows by 7 per cent
EZULWINI – FNB Eswatini achieved a 7 per cent year-on-year growth in its customer base across all segments in the financial year 2024/2025.
The bank achieved a 7 per cent year-on-year increase on its retail customer base, 10 per cent in its commercial base and 1 per cent in its corporate base.
According to CEO Thokozani ‘TK’ Dlamini, the bank will continue to prioritise innovation and customer experience towards the achievement of its 2030 vision. “As we enter this new financial year, we remain guided by our true north. To succeed in a highly competitive and well-regulated environment, our strategy is anchored on six key pillars: customer experience; employee experience; more customers; more to customers; more efficiently; and last but not least, shared prosperity,” he said.
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