By Delisa Thwala
The First National Bank (FNB) Eswatini’s CEO, Dennis Mbingo, has been appointed as the CEO of FNB Mozambique, marking a significant development for the bank.
This was announced by both banks in a communique published and sent to media houses.
Mbingo’s expertise and leadership are expected to guide FNB Mozambique to a new era of growth and prosperity, as he takes the helm in this strategic position.
His new role set to commence next year January is a testament to his outstanding accomplishments and reputation in the financial industry, and it is anticipated that he will bring a wealth of knowledge and experience to the bank.
In accepting his new role, Mbingo expressed gratitude to the Board.
“I am honoured to be appointed to this vital position to the organization. I look forward to collaborating closely with the Board, Executive team, and staff to enhance the value we deliver to our customers and shareholders,’’ he said.
In addition, the outgoing FNB Eswatini CEO said at the heart of everything they do are the values of integrity, trust, and service to customers.
“These will remain our guiding principles as we continue our journey” he said.
Meanwhile the Board of Directors of FNB Mozambique were pleased to announce the appointment of Dennis Mbingo as Chief Executive Officer, effective January 1, 2025.
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Mbingo succeeds Peter Blenkinsop, who retired at the end of December 2024, after nearly four years of successful leadership of FNB Mozambique.
In making the announcement, FNB Mozambique Board Chairman Sérgio Chitara stated, that following regulatory approval, they were pleased to appoint Mbingo as their new CEO.
He further said his strategic acumen and technical expertise, honed through various executive roles within FirstRand Africa’s portfolio, position him well to guide FNB Mozambique in its next phase of growth.
Worth mentioning is that, Dennis Mbingo is a Chartered Accountant and an experienced corporate professional with a career spanning over 24 years, 17 of which have been in the financial services industry.
Prior to this appointment, Mbingo served as CEO of FNB Eswatini for nearly nine years.
Throughout his career, he also spent several years supporting the FirstRand Group’s efforts to expand to West Africa, first as FNB Africa’s Expansion Projects Executive, then later as the Head of Operations for FNB International, before returning to Eswatini.
In his various roles, a keen supporter of economic growth and development initiatives that consistently and deliberately prioritise broader society as a non-negotiable for sustained stability.
In addition, he sees his main vocation in people and leadership development, with a particular focus on youth.
He is enthusiastic about leaders being intentional when it comes to developing future leaders.
Chairperson Chitará also extended his appreciation to outgoing CEO Peter Blenkinsop, stating, “We thank Peter for his exceptional leadership, which has been crucial in navigating the challenges of the banking sector and advancing our strategic vision.”
Reflecting on his tenure, Blenkinsop commented, “I have been fortunate to work alongside a strong Board and resolute professionals.
Together, we pushed the strategy on process improvement, modernized our technology, developed a robust operating platform, and expanded our digital footprint in the market.”
He further mentioned that, the board is optimistic about the future under Mbingo’s leadership, confident that he will further strengthen FNB Mozambique’s position in the financial landscape.
“As the banking industry evolves, FNB Mozambique remains committed to serving its customers and stakeholders, ensuring sustainable growth and success,’’ he stated.
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According to google bank, FNB Moçambique S.A, subsidiary of FirstRand Group, was established in Mozambique since 2007 when it acquired Banco de Desenvolvimento e Comércio (BDC).
FNB Moçambique (FNBM) is a Corporate and Investment Bank involved in financial services activities also including Commercial and Retail Banking solutions.
These include Leasing and Asset Finance, Transactional and Trading solutions, Short-Term Insurance, and Employee Group Schemes.
They operate through a network of 15 branches across 8 provinces in the country, more than 45 FNB ATMs, about 1170 SIMO ATMs, including several ADTs and Point of Sale terminals.
“Our superior services are complemented by various electronic payments services: Online Banking platform, Cash collection solutions,
Host to Host integration to our Corporate client’s financial systems, Reference validation reconciled payments, Cell phone and ATM payment,’’ reads their communique on google.
It further mentions that, a strong customer focused culture and independent banking system helps them tailor make products and solutions to clients’ needs and accessible to all.