FirstRand Ltd. said a new proposal by the UK for compensating consumers who were missold car loans that could end up costing lenders £11 billion ($14.7 billion) goes beyond what it previously expected ...
FirstRand Ltd., South Africa’s biggest bank by market value, may revise the amount of provisions it set aside to cover potential compensation and other costs it is facing tied to missold car loans in ...
Morgan Stanley downgraded FirstRand (FANDF) to Equal Weight from Overweight with an unchanged price target of ZAR 8,400. The recent trading update detailed a “solid operational performance,” but UK ...
FirstRand Bank has set a new benchmark in South Africa for treasury management, becoming the first in the country to leverage ...
Return on Equity (ROE): Moving closer to the top of the 18% to 22% range. Net Income After Cost of Capital (NIACC): 26% growth. Net Asset Value (NAV): Up 7%, excluding currency impacts, up 10%. Net ...
16 Sep 2024 (Johannesburg Stock Exchange) FirstRand Bank Limited has announced the listing of three new senior unsecured unsubordinated notes on the Johannesburg Stock Exchange (JSE). The listings, ...
JOHANNESBURG (Reuters) -South Africa's FirstRand Ltd on Thursday forecast marginally higher second-half earnings than the 10% growth it reported in the first half, but net interest income (NII) is ...
Earnings call FirstRand reported 11% normalized earnings growth for H1 2026, with ROE nearing the top of its 18%-22% target range and a 26% increase in net income after cost of capital. Management ...
JOHANNESBURG (Reuters) - South Africa's FirstRand Ltd has appointed Sizwe Nxasana, head of its core banking unit and a former chief of telecoms firm Telkom, as its new chief executive. Nxasana will be ...
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