The Board of Directors of FNB Moçambique is pleased to announce the appointment of Dennis Mbingo to the position of the Bank’s Chief Executive Office, with effect from 1 January 2025.
Mbingo succeeds Peter Blenkinsop, who will retire in December 2024 after four and a half years of successful leadership at the organisation.
Regarding this change, the Mozambican President of the Board of Directors, Sérgio Chitará, said: ‘Following regulatory approval, we are pleased to appoint Dennis Mbingo as our new CEO. His strategic acumen and technical expertise, as well as his successful nine-year track record as CEO of FNB Eswatini, which recently successfully completed its listing on the local stock exchange, position him well to guide and lead FNB Mozambique through its next phase of growth.’
An accountant by profession and an experienced business professional, Mbingo has a career spanning more than 24 years, 17 of which have been in the financial services sector.
Prior to this appointment, Mbingo was Chief Executive Officer (CEO) of FNB Eswatini for almost nine years. Throughout his career he has also supported the FirstRand Group’s expansion efforts into West Africa, first as Expansion Project Executive for FNB Africa, and then as Operations Manager for FNB International, before returning to Eswatini.
On accepting his new role, Mbingo expressed his gratitude to the Board of Directors: ‘It is an honour to be appointed to this position of high importance to the organisation. I intend to collaborate closely with the Board of Directors, the executive committee and the Bank’s employees with the aim of adding value to our clients, business partners, shareholders and society as a whole. At the centre of everything we do are the values of integrity, trust and service to our customers. These will continue to be our guiding principles as we continue our journey’
In his various roles, he is a strong advocate of economic growth and development initiatives that consistently and deliberately prioritise society as a key factor for sustainable stability. In addition, he sees his main vocation in people and leadership development, with a particular focus on youth. He appreciates the idea of leaders being intentional about developing future leaders.
Chairmans Chitará also thanked outgoing CEO Peter Blenkinsop, saying: ‘We thank Peter for his exceptional leadership over the years, which has been crucial in meeting the challenges of the banking sector and furthering our strategic vision.’
Reflecting on his tenure, Blenkinsop commented: ‘I have been fortunate to work with a strong Board of Directors and a dedicated management team. Together, we defined a customer-centric vision and a set of strategic objectives to realise that vision. Many of our objectives have been achieved (especially in the digital and technological fields) and some are still in progress. Today, the brand (and the bank) are much better than they were four years ago. I firmly believe that, over time, our current management team, under the leadership of Mr Mbingo and our Board of Directors, will take FNB to even higher heights, as we deliver on the brand promise of helping, and continue to strive to provide excellent service. I wish the Board of Directors and the management team continued success in their vision to transform and grow FNB Mozambique.’
The Board of Directors is optimistic about the future under Mbingo’s leadership, confident that he will further strengthen FNB Moçambique’s position in the national financial landscape. As the banking industry evolves, FNB Moçambique remains committed to serving its clients and partners, ensuring sustainable growth and success.
About FNB Moçambique
FNB Moçambique S.A., a subsidiary of the FirstRand Group, began its activities in Mozambique in 2007 with the acquisition of Banco de Desenvolvimento e Comércio (BDC).
With a focus on providing financial services to the Mozambican business sector, FNBM is a Corporate and Investment Bank that also operates in commercial and retail banking, with Leasing and Asset Financing solutions, Transactional and Commercial Solutions, Short-Term Insurance and Memoranda of Understanding.
We operate through a network of 15 branches spread across 8 of the country’s provinces, more than 40 FNB ATMs, around 1170 SIMO ATMs including several ADTs and POS. Our services are complemented by various electronic payment functionalities: Online Banking, cash collection service, Host to Host integration into Corporate clients’ financial systems, validation of reconciled payment references, mobile phone payments and ATM payments.
We are guided by a strong customer-centred culture and an independent banking system that helps us adapt products and solutions to customer needs and make them accessible to everyone.
FNB
