MBABANE – Shareholders of First National Bank (FNB) Eswatini will share a total dividend of E81.1 million for the financial year ended June 30, 2025.
This follows the Board of Directors’ decision at its meeting on August 19, 2025, to declare a final gross cash dividend of 61 cents per share of the bank’s income reserves.
However, this year’s payout represents a 14.3 per cent decrease compared to the E94.7 million declared in the previous financial year ended June 30, 2024, when shareholders received a final dividend of 71.21 cents per share.
The final dividend for 2025 will be paid on September 29, 2025 to shareholders on record by September 26, 2025, with shares trading ex-dividend from September 24, 2025.
A majority of emaSwati are shareholders in the bank through their pension funds and co-operatives who brought the shares when the bank go listed on Eswatini Stock Exchange (ESE).
Listed on the ESE on December 5, 2023 under the ticker symbol FNBE, FNB Eswatini remains the largest company by market capitalisation on the exchange, currently valued at E1.97 billion. At the time of its listing, the bank debuted as the biggest player on the ESE, marking a significant milestone for the country’s capital markets.
The bank’s primary shareholder is FirstRand Limited, through FirstRand EMA Holdings Proprietary Limited, holding 75.01 per cent of the bank’s equity. The remaining 24.99 per cent belongs to local emasSwati shareholders, including institutional investors such as:
- Public Service Pensions Fund (PSPF) – 7.40 per cent
- Swazi Empowerment Limited – 4.92 per cent
- Eswatini National Provident Fund – 4.46 per cent
- Old Mutual – 1.2 per cent
- Sibaya Umbrella Provident Fund – 1.01 per cent
- SNAT Savings and Co-operative – 1 per cent
- FNB Eswatini Employee Share Trust – 4.99 per cent
This shareholder structure ensures that the bank’s financial success directly benefits a broad base of local institutions and employees alongside its primary shareholder.
For the 2024/25 financial year, FNB Eswatini reported a profit after tax of E268.8 million, maintaining flat growth compared to the previous year. The bank’s total assets increased by 6 per cent to E10.3 billion, supported by a 13 per cent growth in customer advances to E4.7 billion and a 5 per cent increase in deposits to E6.6 billion.
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