First Rand

The First Rand's capital falls from $5.3 billion to $5.1 billion, a drop of 3%. Despite the declining currency, the First Rand bank fell to third place, with total assets increasing by 6% to $87.6 billion and net profit increasing by 5% to $1.5 billion. FirstRand continues to maintain a high ROE of 29.2 percent, which is far ahead of the rest of the top banks this year. This year's ROE is better than the previous year's 26.9 percent, and FirstRand continues to outperform among the larger South African banks with a climbed Return of Asset (ROA) of 1.7 percent. FirstRand was created in 1998 and is one of the financing providers regulated by the Reserve Bank of South Africa (Banker's Bank).

FirstRand Limited, which is listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), is one of Africa's major financial institutions by market capitalization. In addition to South Africa, the company has operations in nine other African countries, as well as the United Kingdom and India.

Organic expansion, acquisitions, innovation, and the formation of entirely new companies have all contributed to the group's track record of generating exceptional returns to shareholders.

FirstRand executes its strategy through a portfolio of premier financial services firms, including FNB, RMB, WesBank, Aldermore, and Ashburton Investments, and offers a comprehensive range of transactional, lending, investment, and insurance products and services. The FCC stands for group-wide functions.

Founded: 1998

Revenue: $5.1 billion

Headquarters: Gauteng, South Afric