The Board of Directors of FNB Moçambique is pleased to announce the appointment of Dennis Mbingo to the position of Managing Director of the Bank, 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.

On the move, the Chairman of the Board of Directors (PCA) of FNB Mozambique, Sérgio Chitará, said: "Following regulatory approval, we are pleased to appoint Dennis Mbingo as our new Managing Director. 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.

PCA Chitará also thanked the outgoing Managing Director, 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 Mozambique

FNB Moçambique S.A, subsidiary of FirstRand Group, established in Mozambique since 2007 when it acquired Banco de Desenvolvimento e Comércio (BDC).

FNB Moçambique (FNBM) is a Corporate and Investment Bank involved in financial services activities also including Commercial and Retail Banking solutions.

These include Leasing and Asset Finance, Transactional and Trading solutions, Short-Term Insurance, and Employee Group Schemes.

We operate through a network of 15 branches across 8 provinces in the country, more than 45 FNB ATMs, about 1170 SIMO ATMs, including several ADTs and Point of Sale terminals. Our superior services are complemented by various electronic payments services: Online Banking platform, Cash collection solutions, Host to Host integration to our Corporate client’s financial systems, Reference validation reconciled payments, Cell phone and ATM payments.

A strong customer focused culture and independent banking system that helps us tailor make products and solutions to clients’ needs and accessible to all.

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