What is the oldest bank in South Africa?
First National Bank, universally known by its acronym FNB, is officially recognized as the oldest banking institution in South Africa, tracing its direct corporate origins back to the founding of the Eastern Province Bank in Grahamstown in 1838. Established during the early colonial era to support growing wool trade, agriculture, and commerce in the region, the bank expanded through a series of nineteenth-century mergers and acquisitions, later operating under names like the National Bank of South Africa and Barclays National Bank. Following complete local restructuring, it adopted the First National Bank moniker and became a foundational subsidiary of the FirstRand Group, maintaining its status as a financial giant.
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