FNB reaches 11 million active customers and Targets Rest of Africa Growth

Financial services group FNB delivered a strong set of financial results for the financial year ending 30 June 2022, as the bank continued to accrue new customers, now approaching 11 million active customers.

“Our performance was driven by more customers, increased transactional volumes, strong deposit growth, lower impairments, and increased disbursements to our retail and commercial customers. We remain committed to investing in our digital platform to facilitate our customers’ migration to safer and more efficient channels. Our platform evolution and strategy to increase customer adoption of digital interfaces is yielding results as we continue to experience significant volume and activity growth,” said FNB CEO Jacques Celliers.

“Our Commercial segment also delivered strong results, with just under 300,000 new business accounts and strong deposit growth off the back of attractive product pricing and good innovation. We also offer our commercial customers money management support, which helped them to better manage their cashflows,” said Celliers.