1. What does First National Bank (FNB) in South Africa do:
FNB is the oldest bank in South Africa and is one of South Africa’s “big four” banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR and Botswana Stock Exchange under the symbol FNBB.
2. FNB was Founded in 1838
3. Website: https://www.fnb.co.za/
4. Industry: Banking
5. FNB Headquarters: Johannesburg, South Africa
6. FNB CEO: Jacques Celliers
7. Number of FNB employees: Approx. 22,979 employees
8. Parent organization: FirstRand
9. History: In 1838, First National Bank was founded as Eastern Province Bank in Grahamstown, South Africa. It had four branches by 1874 – Grahamstown, Middelburg, Cradock, and Queenstown. The Oriental Bank Corporation (OBC) bought out the bank in 1874 due to a recession. The OBC, however, decided to withdraw from South Africa due to financial difficulties in India. In 1879, the Bank of Africa took over OBC’s business in South Africa.
10. Establishment of FirstRand: In 1998, First National Bank of South Africa, Rand Merchant Bank, and Momentum Insurance & Asset Management merged to form the FirstRand Group.
11. FNB Services: FNB provides personal, commercial, and corporate banking services to customers in South Africa.
12. FNB’s revenue: 15,034 Million ZAR
13. FNB’s Net income: 7,513 Million ZAR
14. FNB serving area: South Africa, Botswana, Namibia, Eswatini, Tanzania, Zambia, Ghana, India, Lesotho, and Guernsey
15. Recent News: FNB unveils rebranding changes, including a new logo and enhanced payment solutions.
Share this blog :
Leave a Reply