First National Bank Ghana

First National Bank Ghana, First National Bank can trace its origins back to the Eastern Province Bank, which was formed in Grahamstown, South Africa in 1838. By 1874, the bank had four branches – 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 being experienced in India, the OBC decided to withdraw from South Africa. The Bank of Africa was subsequently formed in 1879 to take over OBC’s business in South Africa.

Our roots

FirstRand Group History

First National Bank can trace its origins back to the Eastern Province Bank, which was formed in Grahamstown, South Africa in 1838. By 1874, the bank had four branches – 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 being experienced in India, the OBC decided to withdraw from South Africa. The Bank of Africa was subsequently formed in 1879 to take over OBC’s business in South Africa.

During the same period, the government of the Republic of the Transvaal wanted to create a local commercial bank to deal with the financial demands created by the discovery of gold in Barberton and the Witwatersrand. The government thus created a bank with the task of focussing primarily on financial agricultural development through a concession agreement. The Nationale Bank der Zuid-Afrikaansche Republiek Beperk (National Bank of the South African Republic Limited) was registered in Pretoria in 1891 and opened its doors for business on 5 April of the same year. After the Anglo-Boer War in 1902, the name of this bank was changed to the National Bank of South Africa Limited.

Due to another recession, the Bank of Africa was bought out by the National Bank in 1912. Another bank, the National Bank of the Orange River Colony, had already been bought out by the same group in 1910. The Natal Bank, which was founded in 1854 to fund the Natal Colony’s sugar industry, also suffered financial difficulties and was added to the list of banks acquired by the National Bank, in 1914. The National Bank was now one of the strongest banks in South Africa.

Barclays Bank

In 1925 the National Bank merged with the Anglo-Egyptian Bank and the Colonial Bank to form Barclays Bank (Dominion, Colonial and Overseas). In 1971 Barclays restructured its operation and its South African operation was renamed Barclays National Bank Limited.

As a result of a disinvestment campaign against South Africa due to its apartheid policies, Barclays was forced to reduce its shareholding and sold its remaining shareholding in the bank in 1986. The bank was renamed “First National Bank of Southern Africa Limited” in 1987 and became a wholly South African owned and controlled entity.

FirstRand Group

Of bulls and bears

In 1925 the National Bank merged with the Anglo-Egyptian Bank and the Colonial Bank to form Barclays Bank (Dominion, Colonial and Overseas). In 1971 Barclays restructured its operation and its South African operation was renamed Barclays National Bank Limited.

As a result of a disinvestment campaign against South Africa due to its apartheid policies, Barclays was forced to reduce its shareholding and sold its remaining shareholding in the bank in 1986. The bank was renamed “First National Bank of Southern Africa Limited” in 1987 and became a wholly South African owned and controlled entity.

 

First National Bank Ghana

Meet the team

First National Bank Ghana Management

First National Bank Ghana offers a comprehensive range of products and services to the market under the leadership of a competent management team.


The First National Bank Ghana Board

The First National Bank Ghana Board of Directors was elected by the stockholders to represent their interest. The board is responsible for hiring the CEO, setting compensation policies, determining dividends, and evaluating performance.

Executive Management Team

  • Richard Hudson – Chief Executive Officer
  • Mark Boateng – Chief Operations Officer
  • Gary Chapman – Chief Risk Officer
  • Annita Bedzra – Legal Counsel and Company Secretary
  • Ernestina Danquah – Head, Human Resources
  • Sandile Nhleko – Chief Finance Officer
  • Delali Dzidzienyo – Head, Marketing and Corporate Affairs
  • Mark Achiampong – Head, Commercial and Business Banking
  • Llewellyn Foxcroft – Treasurer
  • Victor Yaw Asante – Head, Corporate, Commercial and Investment Banking
  • Ebenezer Oppong-Mensah – Head, Internal Audit
  • Hannah Annobil-Acquah – Head, Retail Banking
Board of Directors

  • Stephan Claassen – South African
  • Seth Asante – Ghanaian
  • Joseph Tetteh – Ghanaian
  • Michael Larbie – Ghanaian
  • Ebrahim Motala – South African
  • Richard Hudson – South African