BANKING RESULTS
FirstRand takes cautious line on recovery outlook
10 September 2020 - 23:16
UPDATED 11 September 2020 - 09:46
FirstRand wrapped up a nasty big-banks earnings season with a more than doubling in bad-debt expenses even as Africa’s biggest lender by market value sees signs of recovery in consumer income to near pre-pandemic levels.
FirstRand reported a 38% drop in normalised earnings to R3.07 per share for the year ending June on Thursday...
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