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FirstRand Bank Subsidiaries

FirstRand Bank Subsidiaries

Banking as a whole was changing fast and specialized financial services divisions sprung up within the bank. A massive investment was made into computers and new technology.

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In 1998 the financial services interests (which included their shareholding in First National Bank) of Rand Merchant Bank Holdings and Anglo-American Corporation were merged to form FirstRand Limited, which is listed on the JSE Securities Exchange. Consequently, First National Bank became a wholly-owned subsidiary of FirstRand Limited and currently trades as a division of the group.

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First National Bank currently operates registered commercial banks in the following jurisdictions: South Africa, Namibia, Botswana, Swaziland, Lesotho, Mozambique, Zambia, Tanzania, and Ghana. The Namibia and Botswana businesses are listed on their respective stock exchanges.

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The FirstRand Group also has operations in India which trades under the name FirstRand Bank and an investment bank in Nigeria which trades as RMB Nigeria. As a universal bank in Ghana, First National Bank offers a wide range of banking products, focusing particularly on digital banking, which serve all segments of the economy.

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