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FNB recognised as Africa’s Most Valuable Bank Brand for second year in a row

25 February 2021 FNB

The top performing South African brand in the 2021 Brand Finance Banking 500 ranking

FNB has retained its position as Africa’s Most Valuable Bank Brand for the second year in a row in the 2021 Brand Finance® Global 500 Banking report. With brand value of US$1.3 billion, FNB is the top performing South African brand among top 200 most valuable bank brands in the world in the 2021 Brand Finance® Global 500 Banking ranking.

In determining leading banks, the Brand Finance® survey partly considers brand-specific revenues as a proportion of parent company revenues attributable to the brand in question and forecast those revenues by analysing historic revenues, equity analyst forecasts, and economic growth rates.

Jacques Celliers, CEO of FNB says, “This accolade affirms the resilience of our business to withstand the monumental challenge of a global pandemic. Despite the headwinds that customers and businesses across the continent continue to face, plans to implement vaccination programmes in some countries augur well for efforts to minimise the impact of the pandemic on lives and livelihoods. We are energised and remain committed to continue playing an active role in all countries in which we operate.”

“In the last year our brand pushed boundaries in adding value to customers’ lives in a time of uncertainty, and this was reflected in our efforts to offer relief to individuals and business, coupled with keeping our doors open as an essential service,” says Faye Mfikwe, FNB Chief Marketing Officer. “Our industry-leading digital platform enabled our customers to manage their finances in the comfort of their homes and millions of our customers continued to supplement households budgets with our eBucks rewards to alleviate financial strain. All these efforts interventions are testament to our brand promise of Help,” concludes Mfikwe.

Quick Polls

QUESTION

Covid-19 may accelerate certain industry trends. What are we likely to see?

ANSWER

Adoption of contactless technologies and digital experiences will likely be accelerating emerging technologies further
The consumer will expect safety and precautionary measures, driving the need for enhanced surveillance policies and technologies, which may pose potential privacy concerns
Rising activism among consumers and employees could drive an increased focus on corporate purpose
Value chain disruption is likely to lead to an increase in creative partnerships, which may in turn cause organisations to further invest in developing the mindset and agility to collaborate across sectors in the ecosystem
Cost management will be a critical priority to ensure business continuity based on cash flow requirements, to manage lower margins and revenues during a downturn
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