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10 Things you should know about the First National Bank
First National Bank is a brand founded by
- First National Bank is one of South Africa’s “big five” banks.
- It is a division of First Rand Limited, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE).
- FNB is also listed on the Botswana Stock Exchange 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.
- It maintains banking subsidiaries which it owns wholly or in part, in Botswana, Mozambique, Namibia, South Africa, Eswatini, Tanzania, Zambia, Ghana, India, Lesotho and Guernsey.
- FNB is also actively pursuing expansion plans in Angola and Nigeria.
- According to its website, FNB is the oldest bank in South Africa.
- It traces its origins back to the Eastern triocrees 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, in Grahamstown, Middelburg, Cradock and Queenstown.