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Junction Shopping Centre Branch

Shop 14
Intersection of Beach and Ashaiman-Klagon Roads
Nungua
Accra

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Ground Floor Accra Financial Centre
Cnr of Independence and Liberia Avenue
Accra

Accra Mall

Near Tetteh Quarshie Inter-change
Spintex Road

Achimota Mall

Near Dome, St. Johns Junction
Accra-Nsawam Road

West Hills Mall

West Hills Mall
Dunkonah - Accra



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Osu ATM

Total Filling Station
Oxford Street, Osu
Accra

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Shell Filling Station
Spintex Road (next to Agapet Filling station)
Accra

Agbogba Junction ATM

Shell Filling Station,
Agbogba Junction (Adjacent KFC)
Accra

Tema Community 1 ATM

Total Filling Station
Behind Tema Sport Stadium

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Junction Shopping Centre Branch

Shop 14
Intersection of Beach and Ashaiman-Klagon Roads
Nungua
Accra

Business hours:
Monday − Friday: 08h30 − 18h00
Saturday: 09h30 − 16h00

Telephone
+23 324 243 5050

Accra Branch

Ground Floor Accra Financial Centre
Cnr of Independence and Liberia Avenue
Accra

Business hours:
Monday − Friday: 08h30 − 18h00
Saturday: Closed

Telephone
+23 324 243 5050

Accra Mall Branch

Plot No. C11, Spintex Road
Accra
Shop Numbers 67 & 68

Business hours:
Monday − Friday: 08h30 − 18h00
Saturday: 09h30 − 16h00

Telephone
+23 324 243 5050

Achimota Mall Branch

Parcel No.9563, Block 11, Section 158
Situate at Achimota, Shop Numbers 93 & 95
Accra

Business hours:
Monday − Friday: 08h30 − 18h00
Saturday: 09h30 − 16h00

Telephone
+23 324 243 5050

West Hills Mall Branch

Plot Areas A, B and C West Hills Mall
Limited situate at Dunkonah - Accra
Shop Numbers 77 & 79

Business hours:
Monday − Friday: 08h30 − 18h00
Saturday: 09h30 − 16h00

Telephone
+23 324 243 5050

Makola Branch

Ground Floor Banking Space 3
Mall Phase II
Makola-Accra

Business hours:
Monday − Friday: 08h30 − 18h00
Saturday: 09h30 − 16h00

Telephone
+23 324 243 5050

Tema Branch

Giaan Towers
Hospital Road
Community Eleven − Tema

Business hours:
Monday − Friday: 08h30 − 18h00
Saturday: 09h30 − 16h00

Telephone
+23 324 243 5050

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First National Bank Ghana launches first-ever Cash Rewards for card swipes


First National Bank Ghana Limited is delighted to announce the launch of the first-ever cash rewards programme in Ghana that rewards customers for everyday non-cash transactions. Cardholders who use their Visa debit cards to make purchases (transaction on POS machines and online card purchases) will earn back a percentage of the transaction amount.

"We fully support government's agenda to turn the Ghanaian economy into a cash-less economy where people transact easily with electronic cards," says Hannah Annobil-Acquah, Head of Retail Banking at First National Bank Ghana. "We've done this in several other markets in Africa - from South Africa to Zambia and Namiba. The drive to a cash-lite agenda comes more easily than any other bank in the country because it is in our DNA and is at the heart of our strategy to become the most helpful and innovative bank in Ghana."

With the new cash rewards offering, First National Bank Ghana will pay back a percentage of whatever amount a customer purchases using their Visa debit card (swipes or spends at a POS machine or online purchases) each month. ATM transactions are not eligible for the cash rewards programme.

"Imagine you go to a home appliances shop to buy a fridge or a TV set and use your First National Bank Visa debit card to pay GH¢5,000 for the entire transaction. We, at First National Bank, will pay back to you a percentage of the transaction value into your Savings Pocket as a reward for using your card and by so doing encourage others to keep using their Visa debit cards," says Mrs Annobil-Acquah.

"This is not a promotion. It's a lifestyle we want to seriously encourage as part of our strategy to push the government's cash-lite agenda. It doesn't matter where

you swipe, the machine you swipe on or where in the world you swipe. As long it's you have a Gold or Platinum Visa debit card issued by First National Bank Ghana, you will get your cash reward."

Other transactions that are eligible for the cash reward programme include online purchases, POS payments in restaurants and supermarkets anywhere in the world and transactions on electronic payment platforms like ExpressPay.

According to the Bank of Ghana (BoG) Payment Systems Oversight Annual Report, about 9.4 million cards were issued by banks in Ghana in 2016 alone. The total volume of card transactions in 2016 was about 54.3 million, amounting to GH¢14.2 billion in total value.

The management of First National Bank Ghana are hoping to use the reward programme to increase both the number of electronic payments cards and the volume of card transactions.

"We are of the view that promoting a cashless economy is prerequisite for attaining the objective of increasing financial inclusion," says Delali Dzidzienyo, Head, Marketing and Corporate Affairs at First National Bank Ghana. "Using our Gold and Platinum Visa debit cards provides many benefits to our customers - including convenience, security and the ability to track one's spending. On top of these benefits, we are saying we'd pay you for using our cards. What could be better than that?"


For more information contact:
Delali Dzidzienyo- Head, Marketing and Corporate Affairs
Tel: 050155347
Email: ddzidzienyo@firstnationalbank.com.gh

First National Bank delivers first class digital banking experience


22 September 2017 - Toma Imirhe and Elorm Desewu examine how one of the latest banks to enter the Ghanaian market is taking a profoundly different approach which stands to change the very nature of bank-customer relationships in the country.

Every bank claims to be different from its counterparts but, in truth, few really are. Finally however, a new generation bank has arrived in Ghana that actually thinks and operates differently from the rest. Quite simply, First National Bank is set to change the landscape of banking in Ghana.

First National Bank's convenient and secure digital banking channels are raising the standards to unprecedented levels in this country.

To be sure most banks have some form of digital banking offering in Ghana but the big differentiator for First National Bank is that it places digital banking at the core of its business whereas its older counterparts offer digital banking as an extension of the traditional banking model they have offered for years. At First National Bank traditional banking delivery channels are merely an additional means for customers to receive their financial products and services.

This means First National Bank's customers can do their financial transactions almost entirely from the comfort of their homes or offices, no matter how sophisticated those transactions are, simply using their laptops or their mobile phones. Indeed the strong penetration rate of mobile telephony in Ghana, and to a lesser extent, movable laptop computers, has set the foundation for First National Bank to offer digital banking to just about everybody. It certainly has extended First National Bank's reach well beyond its branch network.

"When we launched First National Bank we took the approach of driving a mobile first strategy" explains Richard Hudson, the Chief Executive of the bank. "We understood that customers are likely to own and use mobile devices so we had to give them access to banking on these devices, thereby placing customer convenience first."

This fits in perfectly with the bank's overall strategy of being first and foremost a transactional bank, offering the most convenient medium for customers to execute their financial transactions, and then providing financial intermediation for those customers who are in need.

Using digital, rather than traditional, banking to do this offers customers a whole new world of convenience. Importantly, customers have complete control over their accounts and have real-time, online information about their accounts at their fingertips, 24 hours a day.

"We place great emphasis on introducing innovative solutions that directly meet our customers' needs," asserts Richard Hudson, "whether it's providing cutting edge mobile payments solutions or enabling customers to use the self-service channels. Our Online Banking platform and mobile banking app offers, we believe, the best of experiences in Ghana."

All this is achieved by deploying a range of innovative features and products that are available to all customers in Ghana.

For instance there is the Geo Payment function which allows for payments between different accounts held with the bank within 50 m, using only the geographical location of one's phone. No account details are needed and this is available on the app.

In addition, the digital channels offer clients the ability to pay third-party beneficiaries to any other bank in Ghana. GhIPPS Instant Pay is also enabled on the app and online. The scheduled payments function allows customers to schedule regular payments well in advance. The transfer function allows for the immediate transfer of funds between a customer's various accounts. There is also a global payments function which allows clients to initiate payments to external beneficiaries via SWIFT.

First National Bank's card management function gives customers the ability to activate and cancel cards themselves. Another function, for prepaid airtime purchases, allows for airtime purchases for all mobile networks in Ghana.

Customers are enabled to remain in full control of their accounts through the inContact feature both online and on the app. Real-time notifications are sent to customer by SMS or email, any time a transaction, within predetermined parameters, occurs on the account. The statements and transaction history function allows customers to view their daily transactions and request monthly statements free for up to 90 days.

In addition the 'Manage limits' function allows customers to increase or decrease their daily or monthly payment limits thereby ensuring that the customer remains in full control of their finances.

Combined, all these digital banking products and services cover almost the entire array of transaction needs of customers with the exception of securing cash directly from one's account. However, First National Bank is not only deploying ATMs at its branches but is also deploying them at an array of strategic third-party locations including major retail shopping outlets and key fuel stations in the city.

"Digital migration and innovation are central to First National Bank's strategy" asserts Richard Hudson. "We pride ourselves on our ability to solve customer angst through efficient and cost-effective digital solutions."

Instructively, First National Bank's digital banking applications are extremely popular in South Africa and across the continent, where the bank is represented through various subsidiaries. Indeed they have won several awards for their digital and electronic banking offerings - evidencing the quality of their offerings and superiority over competing products.

First National Bank's excellent and secure digital product offerings will hopefully, over time, go some way towards breaking down the reluctance to embrace digital banking in Ghana especially at the lower end of the market.

Importantly though, with digital banking being central to its product and service offering, First National Bank uses cyber security - its firewalls are all but impregnable. Verification of user name, password or fingerprints are required when accessing digital banking. Beyond the security of customer accounts in general, a one-time PIN is sent to a customer's phone or email which must be used before new, or 'out of the ordinary', digital financial transaction can be approved, giving customers peace of mind that their funds are safe at the bank.

While First National Bank has established several layers of cyber security for its digital banking customers, the customers themselves need to play a simple, but crucial role in ensuring their own security. "Our customers need to be vigilant and protect personal banking information such as username, password, card and PIN details," warns Hudson. "As a result we are also investing in customer education to ensure that our customers have the necessary information to safeguard their transactions. We urge all customers to keep up to date with the latest cyber scams and the measures that they need to take to ensure that their accounts are not compromised, all of which are available in the Security Centre of First National Bank's website."

Savings is a big feature on the bank's digital banking platforms. "The feature known as Bank Your Change (BYC) provides an opportunity for our customers to save money (as they spend). As a client you can instruct the bank to round each purchase value up to the nearest cedi and transfer the difference between the purchase amount and that amount debited into a linked Savings Pocket Account, which earns good interest. This makes savings painless, very simple and easy and it is surprising how quickly these amounts build up to something significant" Mr. Hudson explains.

"At First National Bank we believe that digital migration is the future, mainly due to changing customer needs but also due to the convergence of banking and mobile," says Hudson. "We will continue to empower our customers with functionality to bank digitally, in line with their changing needs." The digital revolution is inevitable and everyone will be enjoying the benefits of this for many years to come.

First National Bank set to lead in innovation in the banking industry


13 October 2017 - First National Bank is promising its customers some exciting times in the months ahead with its innovative products and multiple banking channels. The move the bank explained is to delight its customers and let them enjoy the first-class banking associated with it in countries that it operates.

First National Bank is a subsidiary of FirstRand Group of South Africa one of the biggest financial institutions in Africa with a full banking presence in South Africa, Namibia, Botswana, Swaziland Lesotho, Mo�ambique, Zambia and Tanzania. It entered the Ghanaian market about a year and half ago and has set out to drive digital banking to bring convenience and efficiency to the banking public.

Delali Dzidzienyo, Head of Marketing and Corporate Affairs said in an interview that the bank has "unflinching zeal to help businesses and individuals succeed. We believe digital innovation is a major conduit on this journey to meet our individual and business clients' unique needs. We will embrace this in the most relevant and convenient way". This, he explained, informed their decision to create multiple channels for the banking public so that customers can choose what best suits their interests at each point in time. He indicated that the bank's online platform offered customers a plethora of services which they could perform without visiting the banking hall.

Mr. Dzidzienyo said the bank has a good appreciation of the Ghanaian market and has banking solutions to "cater for the ever-changing needs of our business and corporate clients". He explained that the bank was leveraging off the expertise and experience of its parent company and the rich local knowledge of its team to proffer innovative solutions to customers. "We don't see banking as taking deposits and giving out loans, we see banking as growing businesses and improving lives of individuals and that is how we've tailored our products and services" the Head of Marketing and Corporate Affairs emphasised.

There is a growing use of digital platforms for commerce in Ghana but Mr. Dzidzienyo noted that the key requirement here is the ease of making and receiving payments. He said as part of its innovation drive, First National Bank was going to provide individuals and businesses seamless payment and collections solutions across all channels - mobile, ATM, and online. He said the bank will also create opportunities to regularly engage with its customers to ensure that they carry them along as the bank deepens its operations in Ghana.

First National Bank's subsidiary in South Africa recently received global recognition as one of the world's most powerful banking brands, ranked 4th in the banking category of Brand Finance's Brand Strength Index (BSI) for 2017. This latest global accolade extends the international recognition of brands within the FirstRand Group, after a number of brands within the group were named in different categories of awards across Africa.

First National Bank's Geo Payment service is the new way to pay


09 October 2017 - The move to make payments simple and convenient is evident in First National Bank's Geo Payment offering. A Geo Payment is an electronic payment that enables customers of First National Bank to send and receive money when in proximity to other customers of the bank. The service allows seamless transfer of money using mobile phones, without having to add the bank details of the recipient. All that is required is for the sender and receiver to be in the same geographical vicinity. It is safe, secure and the process is authenticated by means of the banking application's existing programming interface, the bank explained.

For a transaction to occur using Geo Payment, both the payer and the beneficiary need to switch on the location settings on their phones to identify the client to be paid and then they can make payments instantly without inserting any account details. The service is available to all customers of the bank and comes at no extra cost.

The Geo Payments functionality has been used successfully in Ghana since the bank began operations about a year and half ago. It was, however, launched in 2012 by its parent company and is used extensively by its customers in South Africa and other countries where the bank operates.

The Head of Marketing and Corporate Affairs at First National Bank, Delali Dzidzienyo, said in an interview, that Geo Payments is "a preferred way to send money instantly and safely once the recipient is in close proximity without the laborious process of typing long account numbers". He explained that the payment is instant between the accounts of the customers. Mr. Dzidzienyo said "just the other day, a colleague and I went to a restaurant which does not accept card payments and I didn't have cash readily available. Luckily, my colleague had sufficient cash to settle the entire bill and I instantly reimbursed him by transferring money directly into his First National Bank account using Geo Payments".

"We want our customers to do whatever they want with their money without driving to our branches", Mr. Dzidzienyo noted. He explained that the bank has given its customer a plethora of payment channels for them to choose from, depending on their need at each time. "This payment option comes in handy when you need to buy or pay for something in cash but don't have it readily available at the time, or you want to send money to a colleague or a friend, you just grab your phone and Geo Pay him or her. The sender or receiver will not pay any commission for the transaction and it works within a 50 m radius. Geo Pay is just convenient and cool," he explained. First National Bank prides itself with driving digital banking so that its customers will have little or no reason to enter a banking hall.

According to Mr. Dzidzienyo, First National Bank is riding heavily on technology and innovation to deliver modern banking to the public. "We understand that consumers are more likely to own and use mobile devices and so we are only multiplying utility for the device they already have. The service is available on the bank's app for iOS and Android devices."

The parent company of the bank in South Africa is one of the biggest on the African continent and has been in existence for 179 years and is the largest bank by market capitalisation listed on the Johannesburg Stock Exchange - Africa's largest bourse. First National Bank is leveraging off the experience and financial muscle of its parent company to excel in Ghana.

First National Bank adjudged the most innovative African Bank


27 November 2017 - First National Bank, a division of FirstRand group, (which is the largest financial institution in Africa by market capitalisation) has been adjudged The Most Innovative African Bank at the 2017 African FinTech Awards for the second year in a row.

The African FinTech Awards recognises innovative and disruptive financial technology companies that have excelled in their sphere of business. Some of bank's achievements include becoming the first bank in Africa to offer integrated telco service, FNB Connect in 2015, which offers a First National Bank branded SIM.

Last year, the bank became the first bank in Africa to launch its own branded smartphones has sold more than 75 000 FNB-branded ConeXis smartphones in Africa.

Jacques Celliers, First National Bank group chief executive was humbled by the award. "This accolade demonstrates our consistency in creating solutions that prioritise exponential helpfulness to address the needs of our individual and business customers. For us, innovation is a journey that is rooted in customer-centricity," Celliers said.

Commenting on the award, the Chief Operations Officer at First National Bank, Vish Chetty said, "this award comes to confirm our resolve to replicate many of our innovative solutions in other subsidiaries including Ghana. As Africa's most innovative bank, we will bring our experiences in other markets to bear here in Ghana and make sure Ghanaians experience what our brand stands for - innovation."

First National Bank Ghana Limited, one of the youngest banks in the country, took the lead to introduce a new way of making payment - Geo Payment, the first of its kind in Ghana. This is an electronic payment that enables customers of bank to send and receive money when in proximity to other customers of the bank.

According to Chetty, First National Bank is relying heavily on technology and innovation to deliver modern banking to the Ghanaian public.

Hannah Annobil-Acquah appointed as Head, Retail Banking


Accra, Ghana; 9 January 2018: First National Bank has appointed Hannah Annobil-Acquah as Head of Retail Banking. Hannah brings on board a wealth of experience in retail banking, having worked in various functions in the sector for over a decade.

Prior to her appointment, Mrs. Annobil-Acquah was Head, Personal Markets at Stanbic Bank Ghana Limited where she played a key role in building the retail business of the bank and is credited with significant achievements.

She holds an MPhil Finance and Investment Analysis from the University of Cambridge, UK and a BSc. Land Economy from the Kwame Nkrumah University of Science and Technology (KNUST), Ghana. She is a fellow of the Cambridge Commonwealth Trust.

"We are excited to have Hannah join the Executive Management team of our bank. Hannah will oversee building FNB's retail functions to be a market leader while serving the needs of our customers. In her new role as Head, Retail Banking, Hannah will leverage her 15-year banking experience within the Ghanaian banking sector to grow First National Bank's retail capabilities," said Richard Hudson, Chief Executive Offcer of First National Bank.

"Her experience will assist in unlocking further value in our suite of retail offering, strategize to give our clients the FNB experience as we expand our operations to other parts of Ghana," Mr. Hudson explained.

"Leading the Retail Banking business at First National Bank Ghana is a new and exciting challenge for me. First National Bank is very well known for its unique and innovative approach to banking. There's a lot of potential to signifcantly improve the customer experience in this market and I am looking forward to the opportunities this role brings," Mrs. Annobil-Acquah concluded.

First National Bank wins Emerging Brand of the year 2017


First National Bank Ghana has been adjudged the CIMG emerging brand of the year, 2017. The award, according to CIMG, is in recognition of First National Bank's excellence in strategic marketing and brand exposure in Ghana.

The bank is known for its wide array of digital self-service offerings through their E-Channels.

Commenting on the award, the head of marketing and corporate communications, Delali Dzidzienyo said "our journey so far in Ghana has been very exciting. We are looking forward to some exciting times ahead. Our brand is very strong and we believe our presence here in Ghana will help strengthen the financial services industry. Innovation and digital inclusion are top on priority list and we will continue to give our customers market-leading solutions at very affordable prices."

This award comes just 3 years after First National Bank established its in Ghana. The bank currently operates 7 branches and 17 ATMs in Accra. It is expected to open it first branch in Kumasi by end of 2018.

First National Bank Ghana is a subsidiary of South Africa's FirstRand Group which is the largest bank by market capitalization listed on the Johannesburg Stock Exchange - Africa's largest bourse. First National Bank is leveraging on the experience and financial muscle of its parent company to excel in Ghana.

The bank, headquartered in South Africa, also has presence in Namibia, Botswana, Swaziland, Lesotho, Mozambique, Zambia, Kenya, Angola and Tanzania

First National Bank appoints Mark Achiampong as Head of Commercial and Business Banking


18 October 2018 - First National Bank Ghana, recently crowned the emerging brand of the year 2017 by the Chartered Institutes of Marketing Ghana, has appointed Mark Yeboah Achiampong as Head of Commercial and Business Banking. Mark Achiampong has a rich and diversified banking background through a career spanning over 15 years and has extensive experience in product and segmentation development, credit risk, SME and commercial and retail banking.

Prior to his new appointment, Mr Achiampong was the General Manager - Retail Banking at the Heritage Bank Limited where he led the development and roll out the banks customer proposition for the personal and SME segment.

Mr Achiampong holds a Bachelor of Business degree in Marketing from Nanyang Technology University in Singapore.

"This is indeed a great addition to our leadership team and we are delighted that Mark accepted the challenge of leading our Commercial and Business banking unit. As a new and rapidly growing bank we believe his unique skills, understanding of the market and his experience will help us to unlock new opportunities in the business banking space" Richard Hudson, Chief Executive of First National Bank Ghana, says.

"Mark is expected to help enhance our commercial and business banking capability and make it attractive to businesses in Ghana. Ultimately, our customers will benefit immensely from this move."

"This new appointment comes as a challenge to me and I am excited about joining one of the biggest banking brands on the continent," Mark Achiampong added.

"We are positioning ourselves to be very attractive to businesses. I have a very solid team and we will develop new business portfolios to add to the existing ones and make sure First National Bank becomes the pacesetter when it comes to business banking" he said. Mr Achiampong has had stints at Standard Chartered Bank, Stanbic Bank, UT Bank and Heritage Bank. At Stanbic Bank, his core focus was on Commercial Banking, where he significantly grew the commercial banking portfolio and developed new market propositions.

He worked with the Standard Chartered Bank for almost a decade where he spent significant period in the SME banking Unit.

Mark is a POJOBA and a huge Arsenal fan.

First National Bank leads discussion on Ghana's first Green Bonds


24 October 2018 - This week, First National Bank in collaboration with the Ministry of Finance, Ministry of Environment and other related state agencies will be holding a green bond workshop in Accra, in an effort to develop innovative solutions to finance projects with a positive social, climate and environmental impact in the Republic of Ghana. A green bond is effectively an instrument that allows for the channelling of resources towards financing projects in sectors such as renewable energy, energy efficiency, waste and water treatment and access to essential needs such as housing and finance.

The Ministry is exploring the potential to develop a framework under which it can issue green and socially responsible sustainable bonds that will be designed to allow the Republic of Ghana to continue to make strides in its achievement of the Paris Climate Agreement and the United Nations Sustainable Development Goals (SDG).

The UN Sustainable Development Goals is essentially a call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity and is an initiative that is very dear to the heart of the Government and the Ministry of Finance. The SDG, in essence, builds upon the successes of the Millennium Development Goals that was developed under the leadership of Kofi Annan, when he was UN Secretary General. The Millennium Development Goals emanated from Kofi Annan's March 2000 report "We the Peoples - The Role of the United Nations in the 21st Century", a report that has now become widely known as the Millennium Report.

Mr Samuel Akhurst, Director of Debt Management Division of the Republic of Ghana said "Sustainable bonds provide an opportunity for the Government to make progress in the action plans set out in the Millennium Report, which was established by Kofi Annan, this presents an opportunity for the Government to continue to honour his legacy and uphold its principles whilst also fulfilling its duty to the people of Ghana."

Capital Markets and investment experts from First National Bank, Rand Merchant Bank, Lion Head Global Partners and the Climate Bond Initiative will gather with the Ministry of Finance and select state agencies to identify avenues to develop the green bond market in Ghana and to unlock ESG funding, enabling the Government to continue to make progress to meet the objectives set out in the Paris Agreement, to which Ghana made history by signing alongside 170 other countries on April 22, 2016. The Paris Agreement sets the ambitious goal of limiting global warming to "well below" two degrees Celsius above preindustrial levels and binds countries to the promises they made to cut greenhouse-gas emissions.

Mr. Victor Yaw Asante, Head Commercial, Corporate and Investment Banking said, "the time has come for the country to explore scaling up finance for environmentally friendly development projects including infrastructure that impacts climate change and support the transition to a low carbon emission economy. We as a bank have very rich experience in this area, having arranged the Continent's first Green Bond for the IFC and City of Cape Town. We want to provide our expertise and leading position in the Africa Debt Capital Markets space to the government of Ghana."

"We have invited our team of experts to steer the discussions. We are happy Ghana is seriously considering issuing green bonds and we are happy to be part of this process. It is time we make a conscious effort in line with the rest of the world and work towards building a low-carbon future by using green bonds to finance climate friendly projects that also provide social benefits i.e. waste management, energy efficiency, clean transportation and many others." Mr. Asante added.

Green bonds are specifically earmarked capital market instruments to be used for climate and environmental projects. These bonds are typically asset-linked and backed by the issuer's balance sheet. They are used to raise funds towards projects that provide climatemitigation, adaptation and other environmentally friendly projects.

Last year, Issuers came from 37 countries, with ten new entrants including Nigeria, Argentina, Fiji, UAE, Malaysia, Lithuania and Switzerland. Currently, Africa is lagging behind in green bond issuance volume, however some progress seems to be made with the Nigerian Government issuing the Continent's first Sovereign Green Bond, as well as other Issuers on the Continent including City of Cape Town and the IFC, which RMB (the Investment Banking arm of First National Bank) acted as Arranger.

The demand for green bonds continues to outstrip supply, with large oversubscription being common place. This demand is stemming from both investors with and without green bond mandates. This instrument provides a great opportunity for Energy companies, automotive and even consumer goods and technology companies to unlock finance to make sustainability investments that also provide a social benefit. First National Bank Ghana is a subsidiary of South Africa's FirstRand Group which is the largest bank in Africa by market capitalisation listed on the Johannesburg Stock Exchange - Africa's largest bourse. First National Bank is leveraging off the experience and financial muscle of its parent company to excel in Ghana.

Suliyat Adeleke, Debt Capital Markets Transactor at Rand Merchant Bank (the Investment Banking arm of First National Bank) and Delali Dzidzienyo, Head Marketing and Corporate Affairs, First National Bank Ghana.

Commercial, Corporate & Investment banking is our forte


02 November 2018: First National Bank Ghana - Although First National Bank Ghana is only a few years old in Ghana, it is part of one of Africa's biggest and most accomplished banking groups, the South Africa headquartered First Rand Group, which owns Rand Merchant Bank and the First National Bank in addition to other finance houses with presence in many African countries.

Ghana marks the groups entry into West Africa for the first time although another member of the First Rand Group - Rand Merchant Bank, an investment bank - has been operating in neighboring Nigeria as RMB Nigeria. Thus, Ghana is one of the first countries in the sub region to benefit from the First Rand group's exemplary brand of corporate and investment banking. Its parent, First Rand provides banking, insurance, investment products and services to retail, commercial, corporate and public sector customers, not just in Africa but also in the UK and in India. This means First National Bank Ghana is part of a truly global banking group that is not just an industry leader across sub Saharan Africa but is also active in some of the world's main financial centres.

The extensive geographical reach which First National Bank Ghana is leveraging through its parent company is matched by the sheer financial strength that First Rand brings to bear on its operations. By the end of 2016, the First Rand Group had US$86 billion in assets, from which it made revenues last year of US$7.2 billion and gross profits of US$5.2 billion. Leveraging on the immense financial muscle, deep expertise and vast experience of its parent group, First National Bank now offers corporate Ghana the cash management, financing solutions and financial markets risk management products and services that have helped to developed corporations that are competitive in both their domestic economies and at the global level as well.

It is instructive that First National Bank South Africa has been voted the Best Business Bank in South Africa, the continent's most sophisticated economy. "We are seeking to replicate the same success and relevance here in Ghana through First National Bank" enthuses Victor Yaw Asante, head of Corporate Commercial and Investment Banking in the Ghana subsidiary.

"We are aiming to use world class products and services to support the establishment of world class businesses."

To do this First National Bank offers products and services that helps clients to manage both their cash and their financial market risks.

With regards to cash management the bank provides both generic and specially designed and branded bank accounts, cash solutions, liquidity management, payment and receipt solutions, financial reconciliation and transactional banking solutions. Add to all these, both trade finance and working capital solutions.

Importantly, all these are offered by both traditional delivery channels and also by the best in class digital channels, which offer business clients the convenience and comfort of consummating their financial transactions from anywhere they are 24/7, in real time and with complete security. Indeed, First National Bank is Ghana's first fully digital bank, having been conceptualized and established as one, rather than having transformed from a traditional commercial bank into a digital one in line with new technologies, trends and customer demands.

Pivotally, First National Bank brings with it an array of products and services designed and implemented to minimize market risks, particularly with regards to interest rate risk and foreign exchange risk. The first is of crucial importance in Ghana's high interest rate environment which makes financing cost a key element in business cost build up; the second is equally important because of the inherent volatility of the cedi's stability rate in relation to all the major international trading currencies. To this end First National offers forward and future contracts, swaps and options which can be used for various types of fixed and floating interest rate contracts and to meet forex obligations for all the major international trading currencies.

First National Bank offers customized medium to long term financing solutions for corporate Ghana through its unparalleled expertise and experience with regards to financially engineered investment banking solutions, covering both debt and equity. These solutions are available across all sectors of the Ghanaian economy but the bank is particularly outstanding in the infrastructure, real estate, commodities, transport and the oil and gas sectors. To provide the requisite financing support for customers the bank can leverage on the financial muscle of its parent group and where necessary uses its excellent reputation to organize syndicated loan financing, bringing together some of the world's most respected commercial lenders.

Most importantly, First National's corporate and investment capacities enable clients to engage in seamless cross-border trade and investment, both within the African continent and across the rest of the world, with minimized financial risk. This gives clients the opportunity to take advantage of international supply and value chains in their respective production processes and also exploit global markets for their products and services.

While sophisticated corporate banking and investment banking solutions have usually been the forte of multinational corporations active in Ghana, First National Bank has, for the first time in this country, brought such solutions within the grasp of indigenous medium sized corporations as well, thus offering them the crucial financial advantages that are key in the transformation from a medium sized local business into a large sized one profitably operating across several countries.

This is potentially a game changer.

"First National is willing and fully capable of providing the financial service backing to turn well managed indigenous businesses into world class multinationals" asserts Victor Yaw Asante. "Our parent group stands out around the world for doing this and finally we have brought our business transformational skills and capabilities here for the benefit of corporate Ghana."

The prospect of world class indigenously owned corporations operating beyond Ghana itself is an exciting one and one which is direly needed at this stage in Ghana's economic evolution. Finally, Ghana has a bank that can make it happen as First National Bank becomes the conduit through which the First Rand Group brings its world class corporate and investment banking skills and financial muscle to bear for the benefit of corporate Ghana.

First National Bank group members collectively operate 870 branches and more than 6,600 automated teller machines (ATMs) across Africa.


Ghana news

Commercial, Corporate & Investment banking is our forte

02 November 2018: First National Bank Ghana - Although First National Bank Ghana is only a few years old in Ghana, it is part of one of Africa's biggest and most accomplished banking groups, the South Africa headquartered First Rand Group, which owns Rand Merchant Bank and the First National Bank.


 

First National Bank leads discussion on Ghana's first Green Bonds

24 October 2018: This week, First National Bank in collaboration with the Ministry of Finance, Ministry of Environment and other related state agencies will be holding a green bond workshop in Accra.


 

First National Bank appoints Mark Achiampong as Head of Commercial and Business Banking

18 October 2018: This week, First National Bank in collaboration with the Ministry of Finance, Ministry of Environment and other related state agencies will be holding a green bond workshop in Accra.


 

First National Bank wins Emerging Brand of the year 2017

First National Bank Ghana has been adjudged the CIMG emerging brand of the year, 2017. The award, according to CIMG, is in recognition of First National Bank's excellence in strategic marketing and brand exposure in Ghana.


 

First National Bank Ghana launches first-ever Cash Rewards for card swipes

First National Bank Ghana Limited is delighted to announce the launch of the first-ever cash rewards programme in Ghana that rewards customers for everyday non-cash transactions. Cardholders who use their Visa debit cards to make purchases (transaction on POS machines and online card purchases) will earn back a percentage of the transaction amount.


 

First National Bank Ghana appoints Hannah Annobil-Acquah as Head, Retail Banking

Accra, Ghana; 9 January 2018: First National Bank has appointed Hannah Annobil-Acquah as Head of Retail Banking. Hannah brings on board a wealth of experience in retail banking, having worked in various functions in the sector for over a decade.


 

First National Bank adjudged the most innovative African Bank

27 November 2017: First National Bank, a division of FirstRand group, (which is the largest financial institution in Africa by market capitalisation) has been adjudged The Most Innovative African Bank at the 2017 African FinTech Awards for the second year in a row.


 

First National Bank set to lead in innovation in the banking industry

13 October 2017: First National Bank is promising its customers some exciting times in the months ahead with its innovative products and multiple banking channels. The move the bank explained is to delight its customers and let them enjoy the first-class banking associated with it in countries that it operates.


 

First National Bank's Geo Payment service is the new way to pay

09 October 2017: The move to make payments simple and convenient is evident in First National Bank's Geo Payment offering. A Geo Payment is an electronic payment that enables customers of First National Bank to send and receive money when in proximity to other customers of the bank.


 

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FNB is the most innovative bank in Africa

African FinTech Awards 2016

First National Bank (FNB) was honoured last night at the 2016 African FinTech awards by walking away with the coveted title of "Most Innovative Bank in Africa". Part of the annual Finance Indaba, these awards recognize and reward innovative and disruptive FinTech companies that have originated in or are primarily focused on Africa...


 

First National Bank Ghana delivers first-class digital banking experience

22 September 2017 - Toma Imirhe and Elorm Desewu examine how one of the latest banks to enter the Ghanaian market is taking a profoundly different approach which stands to change the very nature of bank-customer relationships in the country.