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Au revoir Ian Leyenaar

FNB Chief Executive Officer, Ian Leyenaar

FNB Chief Executive Officer, Ian Leyenaar

FNB Namibia recently announced that its Chief Executive Officer, Ian Leyenaar will resign after leading the bank for a year. Leyenaar was appointed to spearhead FNB in February 2013. The 57 year old held several directorships including; FNB Namibia Holdings Limited, First National Bank of Namibia, FNB Insurance Brokers, and FNB Trust Services.
Sarel van Zyl has subsequently been appointed to succeed as an Executive Director effective 1 December 2014.
Said FNB Holdings in a statement, “Mr. Ian JM Leyenaar will resign as Executive Director on the FNB Namibia Holdings Limited boards and subsidiary boards with effect from 1 December 2014. Mr. Leyenaar will remain with FNB Namibia during a transition period ending in December 2014.”

Under Leyenaar’s management, FNB Namibia Holdings reported a profit before tax passing the billion dollar mark to N$1.1 billion while earnings per share shot through the roof, increasing to 298 cents or 30% on the previous year. Leyenaar and his team also witnessed a growth in the retail segment. FNB Namibia recorded a 22% growth in lifestyle accounts, 18%growth in transactional volumes, 14% in net advances, and 17% growth in deposits while growing the branch network and opening an additional 3 branches.
Leyenaar’s tenure as FNB boss has also seen the bank effectively embrace technology and allowed for the introduction of card-less cash withdrawals from FNB Namibia ATMs, and the introduction of EMV chip-based credit and debit cards that attempt to reduce fraud and card-cloning.

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