FirstRand Ltd - Company Profile
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FirstRand Ltd (FirstRand) is a financial holding company. Adequate liquidity, capital adequacy and improved non-interest income are a few of its major strengths, even as its increase in operating expenses could be a cause for concern. Credit risk, risks related to online identity theft and hacking, and emergence of Neo Banks could pose challenges to the company. However, growing cards and payments channel in South Africa, short-term economic situation, and the emergence of fintech could provide significant growth opportunities to the company.
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