FirstRand Limited
4.70
EUR
+0.04
(+0.86%)
ISIN
ZAE000066304
Return %
Stock
S&P 500
1Y
20.51
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
ZAR
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in mil. unless spec.Working Capital
ZAR
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in mil. unless spec.Growth Rates
ZAR
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in mil. unless spec.Semi-annual Revenue
ZAR
•
in mil. unless spec.Semi-annual Earnings Per Share
ZAR
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in mil. unless spec.Semi-annual Dividends Per Share
ZAR
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in mil. unless spec.Company Description
- CEO
- Mary Vilakazi
- Full Time Employees
- 51,712
- Sector
- Finance
- Industry
- Major banks
- Address
- 4 Merchant Place Johannesburg GP South Africa 2196
- IPO Date
- Jul 1, 1992
- Website
- firstrand.co.za
- Similar Companies
- Business
- FirstRand Limited is a South Africa-based integrated financial services group that offers a comprehensive range of transactional, lending, investment, and insurance products and services. It operates through several key franchises including First National Bank (FNB) providing retail and commercial banking services in South Africa and broader Africa; Rand Merchant Bank (RMB) focusing on corporate and investment banking across South Africa and the African continent; WesBank specializing in asset-based finance including vehicle finance and fleet management primarily in South Africa; Ashburton Investments delivering asset management solutions; Aldermore Bank offering specialist banking services in the United Kingdom; and MotoNovo Finance in the UK vehicle finance sector. Founded in 1966 and headquartered in Johannesburg, FirstRand also maintains operational presence in several African countries including Botswana, Namibia, Swaziland, Lesotho, Zambia, Mozambique, Tanzania, Ghana, and Nigeria, as well as international operations in the UK, the US, and India. Recent major developments include strategic geographical diversification with strong profit growth in its broader African operations noted in 2024, such as a 20% increase in profit before tax (PBT) in FNB’s African markets and 16% PBT growth in RMB’s African operations, coupled with an 18% profit growth in UK operations. FirstRand raised USD 650 million in developmental funding in 2024 aimed at climate transition and financial inclusion strategies, reinforcing its commitment to sustainable growth. The group sustained robust financial performance with a 4% increase in normalized earnings and an 8% dividend increase despite challenging economic conditions. It also executed risk management measures including provisions for UK motor commission reviews while maintaining a strong capital base with a Common Equity Tier 1 ratio of 13.5%. Additional service expansions include Direct Axis for retail loans and insurance and MotoVantage for vehicle-related insurance products. FirstRand continues to leverage its captive operations in India, FirstRand Services Private Limited, to enhance IT and business process capabilities, ensuring innovation and competitiveness in the financial sector. Overall, FirstRand Limited is one of South Africa's largest financial institutions, operating across multiple financial services sectors and regions with a strategy focused on diversification, sustainability, and operational excellence.
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