Company name: First National Bank
Contact telephone number: 0860 11 22 44
Postal address: P.O. Box 1153, Johannesburg
Physical address: 1 First Place, First National Bank Bank City
Cnr Simmonds and Pritchard Streets, Johannesburg
Email address: info@fnb.co.za
Website address: www.fnb.co.za
Date established: 1838
About:
A landmark development in FNB’s history took place in 1998 when the financial services interests of Rand Merchant Bank Holdings and Anglo American were merged to form FirstRand Limited. In the process, FNB was delisted from the JSE on 22 May 1998 to become a wholly-owned subsidiary of FirstRand, which was listed on the JSE on 25 May 1998. On 30 June 1999, the banking interests of FirstRand formally merged into a single entity to form FirstRand Bank. FNB, WesBank and RMB now trade as divisions of FirstRand Bank.
Mandate:
A non-disclosed, working capital facility designed to afford cash flow acceleration against the security of your debtor’s book.
Applicant criteria:
- If you are in manufacturing, distribution or selected services industry
- If you sell to other companies, trading concerns or institutions but not to individual members of public
- If your annual sales are in excess of approximately R12 million (this is flexible)
- If all aspects of administration are soundly managed, especially your debtor’s book