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FirstRand Namibia Surges with Strong Profits | Namibia News
FirstRand Namibia’s latest financials are a win: net profit jumped to $2.15 billion, up from $1.91 billion last year, fueled by booming corporate lending and lower bad debt reserves. Their ROE remains strong at 28.5%, while shareholders pocketed $555 million in dividends—and customers earned $2 billion in interest—all while fees on local debit card swipes and everyday transactions were slashed. Chairperson Otto Shikongo credited growth amid global and domestic uncertainty, with total income hitting $6.18 billion (57% from loans, 43% from fees). Loan book surged 9.2% to $42.81 billion, with…
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