FirstRand Group injects $35 million into FNB Ghana to enhance lending capacity

First National Bank (FNB) Ghana has announced an additional capital injection of $35 million by its parent company, FirstRand Group, in a bid to bolster its foothold in the West African financial landscape.

This influx of funds marks a concerted effort to strengthen the bank’s financial position while demonstrating a long-term commitment to the economic development of Ghana.

The pending capital injection, which is currently undergoing regulatory approval and registration processes, arrives on the heels of a robust Q1 2025 performance.

FNB Ghana reported a net profit before tax of GHS 30.68 million—more than double its earnings for the same period last year. The bank also maintains an impressive Capital Adequacy Ratio of 20.88%, comfortably exceeding the regulatory requirement.

This $35m infusion will complement the bank's existing capital base of GHS 548m, significantly surpassing the Bank of Ghana's regulatory minimum of GHS 400m.

With this strategic financial bolstering, FNB Ghana aims to elevate its role in the competitive financial services sector and align with its broader growth objectives.

Warren Adams, CEO of FNB Ghana, expressed confidence in the initiative.

“Ghana remains a strategic market for the FirstRand Group,” Adams said.

“This additional capital injection is a clear demonstration of the Group’s absolute confidence in Ghana, its future prospects, and the soundness of our regulatory environment. It also reflects our ongoing commitment to supporting the growth and transformation of Ghana’s financial services industry.”

Adams further elaborated that this added capital was vital for enhancing the bank's capacity to provide loans to local businesses, both large and small, at a crucial time when private sector financing is imperative for sustainable economic growth.

“We remain committed to being a trusted financial partner to our clients and to contributing meaningfully to Ghana’s development agenda,” he said.

The recent surge in performance and this significant capital reinforcement signal positive momentum in FNB Ghana’s strategic focus on franchise growth, capital efficiency, and diligent cost control.

With these resources, the bank is well-positioned to scale its lending operations, deepen its market relevance, and support national efforts towards inclusive economic progress.

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