
FirstRand profit jumps 10% as fee growth dulls rate-cut impact.
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GUEST - Mary Vilakazi – CEO of FirstRand Group
FirstRand delivered a solid operational performance which is better than expected. This outcome was mainly driven by healthy top line growth and disciplined cost management, particularly at FNB, further supported by retail credit outperforming relative to initial expectations both in South Africa and the UK.
FirstRand delivered a solid operational performance which is better than expected. This outcome was mainly driven by healthy top line growth and disciplined cost management, particularly at FNB, further supported by retail credit outperforming relative to initial expectations both in South Africa and the UK.