Tag: First National Bank
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Forex licenses of Fidelity Bank, First National Bank restored – BoG
The Bank of Ghana (BoG) has restored the forex licenses of Fidelity Bank and First National Bank. The Central Bank had temporarily suspended the two financial institutions for breaching some sections of the Ghana Interbank Forex Market Conduct rules, according to the Bank of Ghana (BoG). Fidelity Bank and First National Bank were fined a…
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First National Bank, Fidelity Bank establish special arrangements amid Forex license suspension
Following the temporary suspension of forex licenses by the Bank of Ghana (BoG) due to violations of the Ghana Interbank Forex Market Conduct rules, First National and Fidelity Banks have announced the establishment of special arrangements with partner banks. The forex licenses of Fidelity Bank Ghana Limited and First National Bank Ghana Limited were suspended…
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First National Bank collaborates with payment partners to resolve transaction debit issues
First National Bank is collaborating with its international payment partners to resolve transactional differentials on some accounts. About a week ago, First National Bank embarked on an exercise to resolve and reconcile debit card transactions carried out in December 2022 and early January 2023. This exercise required some exchange rate adjustments to customer balances with…
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Works and Housing Minister commends First National Bank’s commitment to boost home ownership
The Minister for Works and Housing, Francis Asenso-Boakye, has commended First National Bank Ghana for its initiatives to boost home ownership in Ghana. Mr. Asenso-Boakye was speaking at the maiden edition of the Home Ownership Series, an initiative by First National Bank Ghana, in partnership with Glitz Africa Magazine, aimed at promoting a continuing national…
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First National Bank Ghana declares 2021 as the year of home ownership
First National Bank Ghana has declared 2021 as the ‘Year of Home Ownership’ (YOHO2021) to help make home ownership a reality for many Ghanaians. Announcing the initiative in Accra, the bank described this as a catalyst in driving greater interest in property ownership using home loans (mortgages). The bank also noted that, it will be…
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FNB finalises merger with GHL Bank
First National Bank Ghana has confirmed the conclusion of the merger with its subsidiary, GHL Bank. The merged entity will be known as First National Bank Ghana. According to a statement from First National Bank, the newly formed and strengthened entity will offer a portfolio of unique innovative financial solutions for retail, corporate and investment…
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First National Bank acquires GHL Bank
First National Bank (FNB) Ghana, has acquired hundred percent of GHL Bank. This therefore makes GHL Bank a subsidiary of First National Bank Ghana. A statement to Citi Business News confirmed the move, saying, the transaction has been approved by the boards of the two banks and has received the required regulatory approvals from the…
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First National Bank appoints Kofi Pianim as Head of Global Markets
First National Bank Ghana Limited has appointed Kofi Asare Pianim as Head of Global Markets. Mr. Pianim has a wealth of experience, spanning a period of 14 years, in global banking and markets focusing on profitable growth, regulatory and control issues as well as risk in the context of global standards. “We are excited to have…