FNB Eswatini now a E10 billion company
FNB Eswatini Chief Financial Officer Njabulo Dlamini presenting the Company's year end financial results.
By Delisa Magagula
Eswatini’s leading bank, FNB Eswatini, has declared itself a E10 billion company, marking a historic milestone in its 30-year journey of resilience, innovation, and growth.
At a media and stakeholders’ breakfast hosted at the bank’s headquarters in Ezulwini, Chief Financial Officer Njabulo Dlamini confirmed that the audited 2025 financial results cleared by regulators including the Central Bank of Eswatini and the Eswatini Stock Exchange show the balance sheet has expanded to E10.3 billion, driven by steady growth in both advances and deposits.
Looking back, Dlamini noted that when FNB Eswatini opened in 1995, it posted a modest profit of just E890, 000. Three decades on, annual profit has climbed to E268 million, reflecting a compounded growth rate of 21%.
“This company has demonstrated resilience, whether faced with shocks such as Covid-19, global conflicts, or shifting policy environments, we did not only rebound but emerged stronger.The E10 billion milestones is a true growth story for this country,” said Dlamini.
According to Dlamini, the growth was driven primarily by a sharp increase in net advances, which climbed to E4.7 billion compared to E4.1 billion in the previous year.
Deposits also increased to E6.6 billion, reflecting continued confidence from customers and businesses in the bank’s financial strength.
Property and equipment values stood at E325.8 million, slightly lower than last year’s E339 million, while other assets amounted to E5.26 billion.
CEO Thokozani ‘TK’Dlamini said the E10 billion milestone underscores FNB’s resilience and ability to deliver consistent growth in a challenging economic environment.
“Crossing the E10 billion mark is a reflection of the trust our customers place in us and our commitment to innovating while remaining financially strong,” Dlamini told stakeholders.
The bank also reported total capital and reserves of E1.43 billion, up from E1.36 billion last year, providing a solid cushion to support on-going lending and expansion.
The results come against a backdrop of regional and global uncertainties, but FNB Eswatini maintains that its focus on digital banking, financial inclusion, and customer-driven innovation will continue to drive long-term growth.