Record Profit Helps Propel FirstRand’s Post-Pandemic Rebound
- Bank continues seeking ways to expand business in East Africa
- Pre-provision operating profit jumps 5% as credit cycle forms
The FirstRand Bank Ltd. office building in Cape Town, South Africa.
Photographer: Dwayne Senior/BloombergThis article is for subscribers only.
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FirstRand Ltd., Africa’s biggest bank by market value, expects to achieve “peak earnings” ahead of its original target after reaching its highest-ever results for a half-year period through June.