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FNB’s Chapman assures commercial clients of bank’s readiness to help them through Covid

FNB’s Chapman assures commercial clients of bank’s readiness to help them through Covid

“We hope that these measures will help ease customers’ financial constraints until things stabilize,” said FNB’s Executive Officer for Commercial, Philip Chapman when he announced a range of cashflow relief measures for the owners of small and medium enterprises.

Commercial clients with a turnover of less than N$10 million and with initial loans of less than N$5 million are requested to use the FNB app where they must click on the Covid-19 button to get a list of all the remedies available.

Businesses with a bigger turnover must contact their relationship managers to discuss options for additional financing until the fallout of Covid-19 has become neutral.

“We remain committed to help our wider Commercial and Corporate Banking client base with a range of innovative cashflow relief solutions and urge our clients to contact their relationship managers in this regard. We will continue to help the nation address some of the prevalent economic difficulties during this time and beyond,” Chapman confirmed.

Since the beginning of the COVID-19 outbreak, First National Bank Namibia has been closely monitoring developments, with the view ot provisionally restructure its operations and solutions to meet the changing demands and to minimise the impact of the pandemic.

“We believe that it is our responsibility to help support our commercial customers whose finances have been impacted during this challenging period,” Chapman concluded.


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