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June 29, 2022


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South African lender FirstRand posts a 6% increase in half-year earnings

JOHANNESBURG: Africas, Reuters

South Africa’s FirstRand Ltd opens new tab reported a 6% increase in first-half earnings on Thursday, led by strong topline growth, particularly net interest income.

Its normalized earnings increased to 19.1 billion rand ($993 million) in the six months ending December 31, up from 17.9 billion rand a year earlier, the bank said.

FirstRand, the country’s largest lender by market value, declared an interim dividend of 200 cents per share for the reporting period, up 6% from a year ago.

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