distributed equitably.
FirstRand Namibia chief executive officer Sarel van Zyl said the HOPE initiative
demonstrates the value that can be unlocked through effective partnerships between
governments, foundations and the financial and operational capacity within the private
sector.
“As a responsible financial services group, particularly given the valuable capabilities of
our businesses, we plan to effectively augment the current government and other
national effort initiatives,” he said.
FNB Namibia has, in the last two weeks, invested over N$6,5 million in fees and charges
reductions for customers over the next three months, while also initiating installment
payment holidays to Covid-19 impacted and qualifying customers across all sectors and
segments including consumers, SMEs, tourism, agriculture and other large businesses.
The bank also provided over N$2,6 million for sanitation initiatives, environmental and
community support through the FirstRand Namibia Foundation.
This is combined with various discounted bank fees to customers valued at N$6,5 million
over the next few months, a N$1,5 million pledge to government's Covid-19 fund, and
now the HOPE emergency funding initiative by FirstRand Namibia.
The group has delivered support of more than N$20 million to Namibia's health crisis
economy.
“This is just the beginning of what we believe we can do to combat the impact of Covid-
19 where it matters most - in our healthcare system.
We are very pleased at the willingness of all stakeholders to help our country respond in
such an effective and innovative manner,” the FirstRand chief said.
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