First National Bank (South Africa)
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| Division | |
| Industry | Banking |
| Founded | 1838 |
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Area served
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South Africa, Botswana |
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Key people
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Jacques Celliers (CEO) |
| Products | Financial Services |
| Revenue | ZAR: 15,034 Million (2014) |
| ZAR: 7,513 (2014) | |
| Parent | First Rand Limited |
| Website | www |
First National Bank (FNB; Afrikaans: Eerste Nasionale Bank (ENB)) is one of South Africa's "big four" banks. It is a division of First Rand Limited, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the under the symbol FNBB and is a constituent of the BSE Domestic Company Index.
FNB is one of the three major divisions of the First Rand Group, and the others being Rand Merchant Bank and Wesbank. First National Bank maintains banking subsidiaries which it owns wholly or in part, in Botswana, Mozambique, Namibia, South Africa, Swaziland, Tanzania, Zambia, Ghana, India, Lesotho and Guernsey. FNB is also actively pursuing expansion plans in Angola and Nigeria Media reports in May 2012, indicated that the bank is also making plans to expand into Kenya, Rwanda and Uganda.
According to its website, FNB is the oldest bank in South Africa. It traces its origins back to the Eastern Province Bank, which was formed in Grahamstown in 1838. At that time the bank financed the wool export boom in the district. By 1874, the bank had four branches - at Grahamstown, Middelburg, Cradock and Queenstown. Due to a recession the bank was bought out in 1874 by the Oriental Bank Corporation (OBC). However, as a result of financial difficulties that the Oriental Bank Corporation was experiencing in India, it decided to withdraw from South Africa and thus the Bank of Africa was formed in 1879 to take over the OBC's business in South Africa.
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Wikipedia