Solid Earnings Growth
Despite challenging operating environments, FirstRand delivered a solid earnings growth of 10%, which absorbed a significant provision for the U.K. motor commission matter.
Strong Return on Equity
FirstRand achieved a return on equity of 20.2%, demonstrating the operational strength and resilience of the group.
Healthy Dividend Growth
The group's high return profile and solid capital position allowed for a dividend cover at the lower end of the range, with a cover of 1.6x.
Growth in Net Asset Value
FirstRand reported an 11% growth in net asset value, underlining strong shareholder value creation.
Expansion in African Markets
The group continues to see positive developments in African markets like Ghana, Zambia, and Nigeria, with signs of economic reforms paying off.