Africa-Press – Eswatini. FNB Eswatini has posted a profit after tax of E268.8 million for the 2024/2025 financial year, maintaining its position as the leading financial institution in Eswatini.
This was revealed at the bank’s 2024/25 Annual Financial Results presentation during a media and stakeholder engagement held at its Head Office in Ezulwini on Thursday morning, September 11, 2025. The E268.8 million reflects flat growth from the profit posted in the 2023/2024 financial year. Unpacking the results, FNB’s Chief Financial Officer (CFO) Njabulo Dlamini highlighted the bank’s intentional investment into people and platforms as a key focus of the 2024/25 financial year.
“Our 18% growth in operating expenses is attributed to a deliberate investment in our people, technological development and support. We also continued investment in key regulatory projects and channel enhancements,” Dlamini said.
Expanding on this, CEO Thokozani ‘TK’ Dlamini said some of the key initiatives pursued by the bank in the financial year would position it for continued growth in coming years. “We led with employee experience- honouring our commitment to investing in our people, the engine of the business’ wellbeing and fostering connections for success. Specifically, during the year we: successfully onboarded CIO and CPO functions at an EXCO level; resourced for critical roles across the business particularly in the Retail and Commercial Segments, as well as support functions such as Human Capital and IT teams to drive business partnering and critical value extraction through insights. We further conducted CEO roadshows wherein I was introduced to the bank’s entire staff complement, and employees were sensitized about the bank’s strategy and accompanying objectives,” he said.
The CEO further highlighted the projects the bank had invested in during the last financial year. “FNB Eswatini is now live on the Eswatini Payment Switch, allowing our clients to send money instantly to other local banks, eliminating traditional clearing times. We also successfully completed the CMA EFT migration, transitioning clients from paying to CMA countries via EFT to the SWIFT channel, now accessible via Forex on App. The bank launched its evolved private banking value proposition, enhancing the service experience for our private clients to meet global standards. We have also strengthened our commitment to exceptional customer service across the bank, and embedded integrated financial advice to further enhance our customers’ financial resilience. We further reinforced our role in supporting economic growth, particularly as a leader in financing the agricultural sector. Our CIB team signed the first green loan for a solar power generation plant—the first of many such initiatives we plan to finance,” he highlighted.
The bank also announced Total Assets worth E10.3 billion, up 6% from last year’s figures. Its Advances grew by 13% to E4.7 billion while Deposits grew by 5% to E6.6 billion. Meanwhile, the bank’s cost to income increased from last year’s 59.2% to 63.3%.
FNB Eswatini Annual Financial Results at a glance:
Profit After Tax: E268.8 million
Total Assets: E10.3 billion (6% increase)
Loans to Deposits Ratio: 73.2%
Cost to Income: 63.3%
Credit Impairment Ratio: 0.6%
Advances Growth: E4.7 billion
Return on Assets: 2.7%
Return on Equity: 19.2%
Deposits Growth: E6.6 billion
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