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THE recession is over but South Africa"s big four banks – Absa, Standard Bank, FirstRand and Nedbank – would report poor earnings for last year and the first half of this year because of heavy bad debt charges, analysts have said. This comes at a time when their US counterparts, ...
Read Story at The Namibian (2010-01-13)
Analysts expect hangover to persist January 12, 2010By Mzwandile Jacks Submit your comment The recession is over but South Africa"s big four banks - Absa, Standard Bank, FirstRand and Nedbank - would report poor earnings for last year and the first half of this year because of heavy bad debt ...
Read Story at IOL BusinessReport (2010-01-12)
Analysts expect hangover to persist January 12, 2010By Mzwandile Jacks Submit your comment The recession is over but South Africa"s big four banks - Absa, Standard Bank, FirstRand and Nedbank - would report poor earnings for last year and the first half of this year because of heavy bad debt ...
Read Story at IOL BusinessReport (2010-01-12)
FirstRand sees annual profit up as bad debts fall * Retail and corporate lending remains subdued June 10, 2010 Submit your comment South Africa"s No.2 banking group FirstRand forecast a rise in annual profit on Thursday as fewer customers defaulted on home and vehicle loans. FirstRand said it ...
Read Story at IOL BusinessReport (2010-08-31)
FirstRand sees annual profit up as bad debts fall * Retail and corporate lending remains subdued June 10, 2010 Submit your comment South Africa"s No.2 banking group FirstRand forecast a rise in annual profit on Thursday as fewer customers defaulted on home and vehicle loans. FirstRand said it ...
Read Story at IOL BusinessReport (2010-06-10)
Tough economic conditions have forced one of South Africa's Big Four banking groups, FirstRand, to issue a warning that it is unlikely to meet its long-term targeted growth. FirstRand had targeted earnings of 10% above inflation in the current financial year. Chief Executive Paul Harris says inflation and ...
Read Story at SABCNews (2008-03-04)
AIFH, a private international equity fund which South African banking group FirstRand (FSR) committed US$30 million to last year, has been dissolved. FirstRand has disclosed that AIFH, which had a mandate to invest in retail bank privatisations in Sub-Saharan Africa, had not drawn down on the $30m and FirstRand, ...
Read Story at Sunday Times (2006-03-01)
RMB Holdings (RMH), which is the holding company for some of South Africa's leading financial services companies, including the FirstRand Group (FSR), lifted headline earnings by 16% to 121 cents or 1.44 billion rand for the six months ended December. This was compared to earnings of 104 cents per ...
Read Story at Sunday Times (2006-03-02)
Nedbank, one of the country's leading banks, says that it lifted first-quarter headline earnings per share by 26.3%. However, Tom Boardman, Nedbank's chief executive, has warned that they expect bad debt charges to increase in the medium term due to higher interest rates and high household debt levels. Nedbank ...
Read Story at SABCNews (2007-05-09)
Submit your comment To read FirstRand"s press statement - click here FirstRand announced on Wednesday that senior executives of FirstRand Limited and RMBH Limited have agreed, in a private transaction, to purchase FirstRand and RMBH ordinary shares from the group"s founders GT Ferreira, Laurie Dippenaar and Paul Harris. ...
Read Story at IOL BusinessReport (2009-12-23)
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