FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.
FirstRand was founded in 1838
FirstRand executes its strategy through a portfolio of leading financial services franchises; Rand Merchant Bank (RMB), the corporate and investment bank; First National Bank (FNB), the retail and commercial bank; WesBank, an instalment finance provider; and Ashburton Investments, the group’s asset management business.
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FirstRand Information
| Industry | Banking and finance |
|---|---|
| Founded | 1838 (Founded as the Eastern triocrees Province Bank, now known as the First National Bank) 1998 (Establishment of the group) |
| Headquarters | Johannesburg, South Africa |
|
Key people
|
Roger Jardine (Chairman) Alan Pullinger (Group CEO) |
| Products | Lending, transactional services, investments, insurance, asset management |
|
Net income
|
Aftertax: US$1.8 billion (ZAR:24.5 billion) (2017) |
| Total assets | US$93 billion (ZAR:1217.7 billion) (2017) |
|
Number of employees
|
44,916 (2017) |
| Website | www.firstrand.co.za |
- Recommended: 100 List of Richest companies in Africa 2023
Source – Wikipedia.
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