By Ventures Africa
In 2011, FirstRand resorted to building the FNB brand organically in Zambia after efforts to acquire Finance Bank of Zambia fell through. That Zambian operation has expanded from seven branches in mid 2012 to 10 in June this year.
“…you can’t always wait for deals,” Mr Celliers said regarding the company’s Ghana market entry plans.
FNB, a division of FirstRand Limited with operations in Namibia, Botswana, Mozambique, Tanzania, Swaziland and Lesotho, had previously indicated interest to acquire banks held by Asset Management Corporation of Nigeria, which holds Mainstreet, Keystone and Enterprise Bank.
Bloomberg however reported that the group had narrowed its interest to Keystone and Mainstreet.