FirstRand Ltd - Company Profile
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FirstRand Ltd (FirstRand) is a financial holding company that offers a universal set of banking, lending, investment, and insurance products and services. It provides deposit services, loans, debit and credit cards, insurance solutions, and investment management services. The company offers corporate and investment banking solutions such as advisory structured finance, markets and structuring, and transactional banking. FirstRand offers asset-based finance, full maintenance leasing, personal loans, and short-term insurance. Through Aldermore, the company offers SME commercial and residential mortgages, buy-to-let mortgages, asset and invoice finance, and vehicle asset finance services. It also offers alternative investment solutions. The company serves retail and commercial customers, corporate, and wealthy family clients across South Africa, sub-Saharan Africa, India, and the UK. FirstRand is headquartered in Sandton, Gauteng, South Africa.
Headquarters
South Africa
Address
4 Merchant Place, Corner Fredman Drive And Rivonia Road, Sandton, Gauteng, 2196
Website
www.firstrand.co.za
Telephone
27 11 2821808
No of Employees
51,244
Industry
Financial Services
Ticker Symbol & Exchange
FSR (JNB)
Revenue (2024)
$15.1B
5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
9.6%
(2024 vs 2023)
Market Cap*
$30.2B
Net Profit Margin (2024)
XYZ
4.5%
(2024 vs 2023)
* As of and is in US$
FirstRand Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Retail and Commercial Banking: | Retail and Commercial Banking: | FNB |
| Deposits | Transactional Services | RMB |
| Mortgages | Card Acquiring | WesBank |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In February, the company selected Fiserv’s Finxact core banking system to drive its digital transformation. |
| 2024 | Contracts/Agreements | In June, the company entered into a partnership with the International Finance Corporation to secure a US$250 million senior loan. |
| 2024 | Contracts/Agreements | In September, the company entered into an agreement with HSBC to acquire HSBC’s South African local branch operations. |
Competitor Comparison
| Key Parameters | FirstRand Ltd | Standard Bank Group Ltd | Absa Group Ltd | Nedbank Group Ltd | Investec Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Sandton | Johannesburg | Johannesburg | Sandton | Sandton |
| State/Province | Gauteng | - | Gauteng | Gauteng | Gauteng |
| No. of Employees | 51,244 | 50,451 | 37,033 | 25,477 | 8,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Hetash Surendrakumar Kellan | Chief Financial Officer; Financial Director | Executive Board | 2024 | 52 |
| Markos George Davias | Chief Financial Officer; Director | Executive Board | 2024 | 43 |
| Lytania Johnson | Chief Executive Officer | Senior Management | 2026 | - |
| Gert Kruger | Chief Risk Officer | Senior Management | 2020 | - |
| Nollie Maoto | Compliance Chief Data and Analytics Officer- Group | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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