Diversification pays dividends for FNBB

In her commentary in the bank’s 2014 annual report released this week, outgoing FNB Chief Executive, Lorato Boakgomo-Ntakhwana, said with the delivery of the diversification strategy aimed at reducing dependence on interest income, the bank’s non-interest income during the year increased by seven percent.

She said ensuring that they were sufficiently resourced to comply with new regulatory requirements had been a costly but necessary exercise.