South Africa’s Top Lender Plans Private Bank For Ghana’s Wealthy
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A unit of FirstRand Ltd., South Africa’s biggest bank by market capitalization, plans to set up private banking services in Ghana and bolster its offerings in four other markets to tap the continent’s growing wealthy population.
The subsidiary, First National Bank, plans to start a private bank targeting Ghana’s affluent salaried and self-employed population. It’s also seeking to broaden its private bank offerings in Botswana, Namibia, Eswatini and Zambia to meet the changing needs of its rich client base.