First National Bank to rely on parent company to meet capital requirement

First National Bank Ghana, has announced that its parent company FirstRand Limited in South Africa will help the bank meet the new minimum capital requirement of Four Hundred Million Cedis.

A statement from the bank read, “First National Bank is committed to serving the needs of our customers in Ghana” said Richard Hudson, CEO of First National Bank Ghana Limited”.

As at June 2018, unaudited financials of FNB Ghana had a stated capital of 162 million cedis.
The bank started operations in Ghana some three years ago and offers retail, business, corporate and investment banking services.

It currently operates seven branches and seventeen ATMs all in the Greater Accra region but has plans to expand further.

First National Bank, recently crowned the best emerging brand by the Chartered Institute of Marketing Ghana (CIMG), is determined to bring its reputation of innovation and superior digital products to its customers in Ghana.