FNB grows to 8.1 million customers (boosting FirstRand profits to R26 billion)

FNB logo.

FirstRand profits grew by 8% to R26 billion in the year ending on 30 June.

The solid results came on the back of its retail bank FNB which now has more than 8.1 million customers.

FNB’s share of FirstRand’s revenues came in at 57%.

FirstRand has declared a dividend of 275 cents a share.

The Money Show’s Bruce Whitfield interviews FirstRand CEO Alan Pullinger.

Listen to the interview in the audio below (and scroll down for quotes from it).

That [Wesbank] is the blemish on otherwise great results… New vehicle sales are down… There were some own goals…

Alan Pullinger, FirstRand

We don’t want to simply produce what the economy offers… We want to produce for our shareholders more than what the system offers… We’ve outperformed the macroeconomic environment…

Alan Pullinger, FirstRand

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
3 best JSE and offshore shares to buy, right now (by Anchor Capital)

3 best JSE and offshore shares to buy, right now (by Anchor Capital)

The Money Show’s Bruce Whitfield asks Henry Biddlecombe (an analyst at Anchor Capital) for his stock picks of the week.

I haven’t saved. I intend to work well into my 100s - Leon Louw (FMF)

I haven’t saved. I intend to work well into my 100s - Leon Louw (FMF)

Bruce Whitfield talks to Leon Louw (Free Market Foundation) about his attitude toward money (hopes, fears, successes, failures...)

Capitec Bank has the strongest brand of any company in South Africa

Capitec Bank has the strongest brand of any company in South Africa

Castle Lager came in second, followed by FNB, Black Label, Discovery and Vodacom, according to the 2019 Brand Finance report.

MTN’s worst nightmares are becoming reality in Nigeria

MTN’s worst nightmares are becoming reality in Nigeria

The Money Show’s Bruce Whitfield interviews MTN Group CFO Ralph Mupita.

Weak economy pummels Sun International (plans to exit Nigeria for good)

Weak economy pummels Sun International (plans to exit Nigeria for good)

The Money Show’s Bruce Whitfield interviews Sun International Group CEO, Anthony Leeming.

Insatiable appetite for higher education boosts Curro spinoff Stadio's profits

Insatiable appetite for higher education boosts Curro spinoff Stadio's profits

The Money Show’s Bruce Whitfield interviews Stadio CEO Dr Chris van der Merwe.

Popular articles
Capitec Bank has the strongest brand of any company in South Africa

Capitec Bank has the strongest brand of any company in South Africa

Castle Lager came in second, followed by FNB, Black Label, Discovery and Vodacom, according to the 2019 Brand Finance report.

I haven’t saved. I intend to work well into my 100s - Leon Louw (FMF)

I haven’t saved. I intend to work well into my 100s - Leon Louw (FMF)

Bruce Whitfield talks to Leon Louw (Free Market Foundation) about his attitude toward money (hopes, fears, successes, failures...)

3 best JSE and offshore shares to buy, right now (by Anchor Capital)

3 best JSE and offshore shares to buy, right now (by Anchor Capital)

The Money Show’s Bruce Whitfield asks Henry Biddlecombe (an analyst at Anchor Capital) for his stock picks of the week.

Advisor scams pensioners out of R100 million with promises of 14% returns

Advisor scams pensioners out of R100 million with promises of 14% returns

Bruce Whitfield interviews Phillip de Wet (Business Insider), Robert Walton (Boutique Collective Investments) and Brandon Topham.

'We find connections between gangs in Cape Town, Johannesburg and Durban'

'We find connections between gangs in Cape Town, Johannesburg and Durban'

Global Initiative against Transnational Organised Crime's Simone Haysom says gangs operate far broader than the Western Cape.

'I should have told the Sunday Times the pot smoking was irrelevant'

'I should have told the Sunday Times the pot smoking was irrelevant'

Investigative journalist Jacques Pauw says he's sorry for any harm caused in his article on Mkhwebane and her principal witness.

I decided to make this Rihanna song with my maskandi vision - Mbuzeni Mkhize

I decided to make this Rihanna song with my maskandi vision - Mbuzeni Mkhize

After South African star Mbuzeni Mkhize performed a remix of Rihanna's track 'Diamonds' she contacted him to collaborate with her.

What are the best investment options if you decide to go it alone?

What are the best investment options if you decide to go it alone?

Certified financial planner Paul Roelofse gives the lowdown on the money market, retail bonds and exchange-traded funds.