Tag: FirstRand

FirstRand to takeover Aldermore for USD1.3 billion
JSE SENS

FirstRand to takeover Aldermore for USD1.3 billion

Africa’s largest financial services group, FirstRand said it has completed an agreement to acquire UK’s Aldermore for USD1.3 billion. Aldermore said it received a 313p per share offer for the entire business, which has been recommended by the Board to the Group’s shareholders. Phillip Monks, CEO, commented: “Aldermore remains focused […]

South Africa’s FirstRand to acquire Aldermore
JSE SENS

South Africa’s FirstRand to acquire Aldermore

South Africa’s largest bank, FirstRand Ltd said it has approached Aldermore for a possible acquisition. The acquisition is planned to be 100% shares in Aldermore. FirstRand is required to disclose its final decision by the 10th of November, 2017 whether it will go ahead with the acquisition. See the statement […]

Hermanus Lambertus joins FirstRand
JSE SENS

Hermanus Lambertus joins FirstRand

The largest financial services group in Africa, FirstRand has announced the appointment of Mr Hermanus Lambertus Bosman as a non-executive director of the group. His appointment cuts across FirstRand and its wholly-owned subsidiary, FirstRand Bank Limited. The group said in an email statement that the Office of the Registrar of […]

FirstRand, Africa’s largest bank had good in 2016
Global

FirstRand, Africa’s largest bank had good in 2016

Africa’s largest bank by asset base, FirstRand said its full year net profit rose by 13%. The bank’s shareholders are getting to their credit ZAR11.889 billion compared to ZAR10.480 billion posted in 2015. Headline earning per share grew 14% year on year. Last year earning per diluted share was ZAR185.4 […]