Firstrand Boss Alan Pullinger is in The C-SUITE
Firstrand this week reported robust results with overall performance reflecting the quality of the group’s operating businesses.
The financial services group comprises of FNB, RMB, WesBank, Ashburton and Aldermore.
Normalised earnings recovered faster than expected, increasing 54% to R26.6 billion, with ROE and economic profit coming back strongly. FirstRand accreted capital over the period, growing net asset value 10%, which enabled the group to pay a full-year dividend representing a 56% payout.
Commenting on the results FirstRand CEO, Alan Pullinger, said:
“The level of improvement in the group’s performance demonstrates the quality of FirstRand’s portfolio of businesses and their ability to capitalise on the economic rebound that is taking place.”
Watch more episodes of the C-SUITE here.
About The Nielsen Network:
The Nielsen Network has a wealth of experience in communication and dealing with the media. Headed by Bronwyn Nielsen, former Executive Director at CNBC Africa, and specialist communications consultant in crisis and reputation management.
We will ensure your message is always on point whether it’s communicating to the media, print, on radio, in the boardroom or any other digital or video platform.
The Nielsen Network is a Digital First Company and you can do our Corporate Media Training Digitally to keep you safe during the current epidemic.
We will manage all your communication needs, whether it’s Reputation or Crisis Management, Communication Training or a Video Production.
The Nielsen Network offers various packages for all sectors, CEOs and Executives.