FNB Mozambique poised to make an impact in the local market

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FNB Mozambique poised to make an impact in the local market

5:00 CAT | 07 Jul 2022

Photo: Supplied

“Mozambique is a promising economy to operate in with many growth opportunities”, believes Janine Goosen, Head of Corporate, Commercial and Investment Banking at FNB Mozambique”. In the highly competitive and contested Corporate and Commercial banking environment, FNB Mozambique is building a client-focused brand that plays on its core strengths and focuses on local partnerships. With an asset base that has grown in excess of 20% over the past 12 months, the bank is on track to continue its steady growth by double digits over the next 3 – 5 years.

Agility, underpinned by organizational influence

“As the Mozambique economy continues to develop, we believe there are opportunities for all players in the financial services industry if we play to our core strengths and capabilities, remain focused and client centric”, Janine highlights.

For FNB’s growing brand, its strength lies in its size, and its ability to draw from larger group expertise and support and adapting this to the unique needs of the local market.

“It is important to remember that, as a relatively young, smaller market player, our current clients enjoy unprecedented accessibility to individual attention and to our senior leadership, which enhances the services they receive on their corporate and commercial accounts”, the Head of FNBM CCIB notes.

Regarding the Institution´s solidity, “being considered a growing presence in the market fills us with pride, as well as the strength, influence and insight of the wider FirstRand group, a significant player and investor in the African continent. In addition, we firmly believe we are well-equipped with the necessary tools to support clients with unique solutions that allow us to grow together. Our aspirational vision to create and encourage a culture of innovative thinking and challenging the norm, along with our global and regional data analytics and insights, proves that”, she highlights.

In fact, investment in top-talent, the attraction of new skills and encouraging self-development and growth is of paramount importance to lead our business in client relationships and partnerships. “Environmental, social and governance (ESG) is a key focus and requirement across all sectors and industries, and an angle we are looking forward to bringing to our transactions in this market by leveraging off our group expertise and experience”, says Janine.

Prioritising local partnerships and people

It’s important to highlight that, as fast-growing player, FNB Mozambique values the rich client base established in a short period of time. “We continue to nurture partnerships with local clients, industry players and service providers to provide corporate and commercial banking services that are unique to Mozambique. Worth noting is the fact that we have a sharp focus on our position in the market, and therefore don’t seek to be everything to everyone, but rather adopt a sector and industry specific approach in our corporate and mid-corporate relationship portfolios, developing specific value propositions and strategies in key market growth sectors such as Agriculture, Logistics and Diversified Industrials including down-stream Oil and Gas”, Janine explains.

At the same time, with the view of supporting the local businesses and local economy, the Bank strives staying close to the entire value chain in such a way that it supports its client’s employees, suppliers, contractors and the clients’ clients, which is evident by the client centric relationship model.

“It is also relevant to recall that, in view of our agility and connection to a global network, we can offer our corporate and commercial clients access to services at the leading edge of banking, informed by tried and tested insights and comprehensive future modelling. As our growth shows, we are committed to investing in Mozambique. We look forward to growing alongside our current and future clients and partners in this high-potential market”, Janine concludes

Source: FNB Mozambique / Media Release