Humanity has come a long way.This constant progress and civilisation has led to an increasingly interconnected world.This interconnected world has become the perfect ground for ideas and capital to flow around the globe, driving growth and disrupting the status quo. New trade routes are emerging, propelling emerging economies to the spotlight and creating opportunities for companies and financial institutions worldwide.The FNB Global Commercial Banking is the perfect example of a growth idea.
FNB Global Commercial Banking provides banking and financial services, advice and solutions specifically focused on the needs of companies who have business interests and business expansion requirements in Africa, India and China.Through this facility, you can access a seamless solution to take full advantage of the growing trade inside of Africa as well as between Africa nad the rest of the world.
Services offered under this product bouquet include banking,payments and receipting solutions,financial solutions,investment solutions,trade,exchange control applications and approvals as well as cross border funding.
When it comes to Africa, FNB can facilitate the opening of an account in another country, with online banking access, for an SA-based company without them having to leave their offices in SA. The representative from FNB Global Business Banking Africa becomes a Global RM and looks after a client’s banking interest in applicable African countries.
With India, FNB is the connector between businesses wanting to do business in the Indo-Africa corridor. This bank provides qualified introductions to businesses looking at starting a new company, Partnership or wanting to establish a distribution channel. FirstRand is the only African bank with a full banking licence in India. This is the only South African bank that offers the rand/rupee hedging services in the Indo-SA corridor.
When it comes to China, FNB supports Chinese companies by ensuring they understand South African and African countries’ banking rules and regulations. This is done with internationally dedicated teams who are fluent in Mandarin and Cantonese focused on providing customers with end to end financial solutions. The China Desk is also acting as cultural ambassador internally and externally, to ensure there is no miscommunication. FNB also assists South African companies who are planning to invest or trade in China. FNB provides the necessary guidance, such as risk mitigation on international trade settlement.
This is truly innovation at its best.