Chamwe Kaira
FirstRand Namibia Limited expects its earnings and headline earnings to increase by between 13% and 18% for the period ending 31 December 2025.
In a trading statement issued under the Namibia Securities Exchange (NSX) listing rules, the group signalled improved performance compared to the prior period.
The bank said growth was driven by expansion in its advances book, reflecting stronger lending activity and higher transactional volumes across the business.
It also recorded a lower impairment charge during the period. Interest expenses declined as the group relied less on institutional funding, supported by strong growth in customer deposits.
The company said its reviewed financial results for the half-year period will be published on or around 27 February 2026.
For comparison, in the six months ended 31 December 2024, FirstRand Namibia reported a profit of N$926 million, up 10.8% from the previous period. At the time, the group said the results reflected resilience and a focus on sustainable growth and cost management, with credit remaining within appetite.
Revenue for that period increased by 3.2%. Return on equity improved to 29.6% from 27.8% the year before. Headline earnings rose from N$836 million in 2023 to N$925 million.
Net interest income increased by 13%, from N$1.46 billion in December 2023 to N$1.65 billion, despite a 75 basis point drop in the repo rate during the period.
The growth in net interest income was supported by balance sheet expansion and the group’s asset liability management strategy.
