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The FirstRand Group was established in 1998, by the merger of First National Bank of South Africa, Rand Merchant Bank and Momentum Insurance & Asset Management. FirstRand is listed as a "locally controlled bank" by the South African Reserve Bank , the national banking regulator. [ 8 ]
The move into telecommunications was unprecedented at the time and in addition to normal banking products and services, FNB now offers telecommunications value added services. FNB Connect is a supplier of data for South African ADSL subscribers. [2] FNB Connect also offers VoIP services for its clients. [3]
The bank contended successfully that this constituted an arbitrary deprivation of its property in violation of the property rights protected by section 25(1) of the Constitution of South Africa. In evaluating this argument, Ackermann set out a test for determining whether deprivation of property has taken place, [ 2 ] though it is debatable to ...
The FirstRand group's history traces back to the 1970s as an investment bank.The group as currently was established on 1 April 1998, through a merger of the financial services interests of Anglo American Corporation of South Africa Limited (now Anglo American plc) and RMB Holdings (RMBH) in order to achieve the objective of a unified financial services grouping.
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
Farmers National Bank (disambiguation) First National Bank (disambiguation) First Nations Bank of Canada; First Niagara Bank, an American bank; Florida National Bank, an American bank; FNB Corporation, an American financial services corporation; FNB United Corp., an American bank holding company
FNB Corporation is a diversified financial services corporation based in Pittsburgh, Pennsylvania, and the holding company for its largest subsidiary, First National Bank. As of July 17, 2024, FNB has total assets of nearly $48 billion. [ 2 ]
First National Bank (Mount Pleasant, Iowa) First National Bank (New Cumberland, West Virginia) First National Bank (Philadelphia), Philadelphia, Pennsylvania; First National Bank of Arizona, became part of First Interstate Bancorp; First National Bank of Boston, acquired by Fleet Bank and merged into Bank of America