FNB Namibia Holdings this week launched its centenary celebrations.
“They say when Namibians can see far, its is because they stand on the shoulders of a giant-and that giant is none other than FNB Namibia Holdings Ltd,” said Minister of Presidential Affairs, Albert Kawana, who was the guest of honour at the launch held in Windhoek.
FNB chairman Dieter Voigts said the Group is ready to embrace the challenges of the future in the 100 years.

The bank's operations started in July 1907 when Deutsche Afrika Bank (DAB) opened its doors. In 1920, the National Bank of South Africa obtained a majority shareholding of 75% in the struggling DAB for 70000 pounds.
In January 1925, the Master of the High Court accepted the final accounts in the liquidation of DAB and ruled that all books and accounts of the DAB should become the property of the National Bank of South Africa.
“This ruling indicates that NBSA was officially seen as the rightful successor of the now dissolved DAB,” said Voigts.
Talking about FNB's milestones, Voigts said FNB was the first local bank to list on the Namibia Stock Exchange in 1997. Six years later, in 2003, FNB took a bold step to merge with Swabou Bank, making it the largest Namibian financial service provider and becoming FNB Namibia Holdings Ltd.
Voigts said FNB was also the first financial services group to have achieved the $10 billion mark in assets. South African-based FirstRand’s ownership has gone down to 55% from 78% in 2005.
The group is made up of FNB Bank, Swabou Life, Swabou Insurance, RMB Asset Management, FNB Unit Trust as well as WesBank.