• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

South Africa’s Top Lender Plans Private Bank For Ghana’s Wealthy

6 months ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
113
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Ghana’s Current Crude Output Far Below Projected 500,000 bpd – Dr Theo Acheampong

World Bank Reaffirms $4.5bn Support for Ghana’s Development Priorities Under Country Partnership Framework

Equities Extend Rally as GSE Index Closes at Fresh High

South Africa’s Top Lender Plans Private Bank For Ghana’s Wealthy

A subsidiary of FirstRand Ltd., South Africa’s largest bank by market capitalization, is setting its sights on Ghana as part of a broader strategy to tap into Africa’s growing affluent population.

A subsidiary of FirstRand Ltd., South Africa’s largest bank by market capitalization, is setting its sights on Ghana as part of a broader strategy to tap into Africa’s growing affluent population.

First National Bank plans to roll out private banking services tailored to Ghana’s high-earning salaried professionals and self-employed individuals, Bloomberg reported.

Alongside this, the bank is also expanding its private banking footprint in Botswana, Namibia, Eswatini, and Zambia, to meet the evolving needs of its wealthy clientele.

Africa’s wealth boom attracts global attention

Africa’s rising economic momentum and increasing industrialization have created fertile ground for wealth generation. As a result, global luxury brands and hospitality giants, from LVMH’s Louis Vuitton to Marriott International, are investing in the region, banking on the continent’s expanding middle class and growing number of millionaires.

According to Eric Enslin, the chief executive of FNB’s private banking and advisory unit, there is an untapped opportunity to target high-net-worth individuals.

Citing a report by Henley & Partners, Enslin noted that, excluding South Africa, the continent’s most developed economy, First National Bank already operates in five of Africa’s top 20 wealth markets, positioning it well to capture a larger share of the region’s growing affluence.

The Johannesburg-based lender’s renewed focus on Africa’s wealthy follows a strategic overhaul of its private banking operations in South Africa about four years ago.

That revamp expanded its offerings to include comprehensive advisory services and tailored solutions for high-net-worth families.

As part of the shift, the bank upskilled and re-certified several of its private bankers as financial planners, enhancing its ability to serve approximately 1.63 million South African clients earning over 750,000 rand ($38,626) annually.

While Ghana is next in line for expansion, he noted that timelines for the rollout have not yet been fully defined. The move into private banking in Ghana will build on First National Bank’s existing retail banking operations in the country.

Tags: Ghana’s WealthySouth Africa’s Top Lender Plans Private Bank For Ghana’s Wealthy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

T-Bill Undersubscribed as Gov’t Manages to Mobilize GHS 2.8bn

GIPC CEO Promotes EV Investments in China

China’s Role in Africa’s Green Energy Future

Ghana, Turkey Renew Commitment to Achieve $1bn Trade Target Before 2027

Prof Bokpin Urges Gov’t to Boost Export Competitiveness to Benefit from China’s Zero-Tariff Policy

Verstappen Surges to Commanding Victory in US GP Ahead of Norris and Leclerc

Trending

Business

Ghana’s Current Crude Output Far Below Projected 500,000 bpd – Dr Theo Acheampong

October 20, 2025

Ghana’s Current Crude Output Far Below Projected 500,000 bpd - Dr Theo Acheampong Ghana, according to Petroleum...

World Bank Reaffirms $4.5bn Support for Ghana’s Development Priorities Under Country Partnership Framework

October 20, 2025

Equities Extend Rally as GSE Index Closes at Fresh High

October 20, 2025

T-Bill Undersubscribed as Gov’t Manages to Mobilize GHS 2.8bn

October 20, 2025

GIPC CEO Promotes EV Investments in China

October 20, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.