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A Promising Economy, With Opportunities and Challenges

A Promising Economy, With Opportunities and Challenges

Janine Goosen – Director of CCIB

“Mozambique is a promising economy, with many and varied opportunities for growth. In the highly competitive and challenging environment of Corporate and Commercial banking, the Bank has consolidated a client-centric position, investing heavily in its strengths and local partnerships. With growth in its asset base of over 20% observed over the last 12 months, the Bank is set on a double digit upward path over the next three to five years.

“In the context of a booming economy like ours, we believe there are opportunities for all players in the financial industry if they seek to leverage their strengths and capabilities and above all, if they view the Customer as their primary focus,” Janine stresses.

As a growing brand, FNB Mozambique’s strength lies in its size, experience and the support of a larger group, whose solutions are tailored to the specific needs of the local market.

“It is worth remembering that because we are a relatively young institution and small in size, our clients can count on unparalleled proximity when it comes to individual attention from our leadership, reflected in the services they benefit from in their Corporate and Commercial accounts,” highlights Janine Goosen.

Regarding the solidity of the Institution, “naturally, we are proud to be considered an increasingly relevant Bank in the market, as well as the strength, influence and support we have from the FirstRand Group, a major presence on the African continent.

Additionally, we consider ourselves to be equipped with the necessary tools to support our Clients with solutions that allow us to grow together. Our aspiration to create a culture that encourages innovative thinking as well as the global and regional research and data analysis that we carry out prove this.

It is important to understand that we are strongly committed to our market position through a targeted sectoral and industry approach, not by trying to be all things to all people

Indeed, investing in top expertise, attracting new skills and encouraging self-development and growth are very critical valences in the Bank’s relationship and partnerships with its clients. “Environment, social development and governance (ESG) is a key focus and requirement across all sectors and industries. We look forward to bringing this approach in our transactions in the Mozambican market, backed by the experience of our Group.”, says Janine.

Prioritise partnerships and local people

Importantly, as fast-growing players, FNBM values the considerable client portfolio developed in a short period of time.

“We continue to cultivate partnerships with local clients, industry players and service providers in order to provide corporate and commercial banking services that are unique in Mozambique.

See Also

It is important to understand that we are strongly committed to our market position through a targeted sector and industry approach, not trying to be all things to all people.

For us, it makes more sense to develop business and intra-business relationships with value propositions and strategies focused on key sectors such as Agriculture, Logistics and Diversified Industries, including Oil and Gas downstream,” clarifies CCIB Director, Janine Goosen.

In parallel, and with a view to supporting the economy and national companies, the Bank seeks to be close to the entire value chain of the companies with which it works, in order to support its employees, suppliers, contractors and customers, which is evident in its customer-centric relationship model.

“It is important to remember that, considering our agility and connection to a global network, we are able to provide access to cutting-edge banking services, underpinned by tested and applied knowledge.

Our upward journey speaks for itself: we are committed to investing in Mozambique.

We look forward to growing alongside our current and future Partners and Customers in this high potential market.” concludes Janine Goosen.

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