27 Oct 2015 16:30pm
WINDHOEK, 27 OCT (NAMPA) - President Hage Geingob says First National Bank (FNB) of Namibia's new building in the capital is a clear indication that the countrys economic future remains positive.
The president was speaking during the official opening of the new state-of-the-art FNB building in Windhoeks central business district.
The building on the corner of Independence Avenue and Fidel Castro Street, opposite Zoo Park, was constructed at a cost of N.dollars 600 million. It consists of 11 floors of which five are above ground and six underground to provide much-needed parking space in the centre of town.
Through the construction of this building, FNB is expressing confidence in Namibia's economic future, and I have no doubt that this faith will lead to the continued achievement of this successful financial institution, Geingob said.
The president further said he is pleased to learn that FNB through its foundation committed itself to investing in numerous major areas in community development, health, environmental guardianship, skills development, education, financial inclusion, sports development, as well as arts and culture.
The foundation has made huge positive impacts on the lives of many Namibians in different areas of social development, he stated.
Meanwhile, FNB Group Chief Executive Officer (CEO), Sarel van Zyl said during the consolidation of the bank and Swabou in 2003, FNB realised that its offices are scattered across Windhoek and a central location was needed.
Not only does this help to improve efficiency significantly and enhance collaboration between the various brands, it also makes banking so much easier for our customers who now have a true one-stop-shop with ample parking, he said.
The brands Van Zyl was referring to include RMB Namibia; FNB Insurance Brokers; Wesbank as well as other financial operations.
To prepare the construction of the building, the contractors had to remove 66 722 cubic metres of earth, and needed 3.6 million bricks.