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Business & Finance

FirstRand Profit Falls 5% as $1.1 Billion Provision Curbs Gains

Bloomberg Markets Thursday 10 September 2026, 06:40 UTC By Adelaide Changole 1 min read
Key Points

FirstRand Ltd. profit fell for the first time in six years after a £807 million ($1.1 billion) provision for UK clients’ claims over missold car loans at its British motor-finance unit countered growth from loans and fee income.

FirstRand Ltd. profit fell for the first time in six years after a £807 million ($1.1 billion) provision for UK clients’ claims over missold car loans at its British motor-finance unit countered growth from loans and fee income.
UK (LOCATION) British (ORG)
Originally published by Bloomberg Markets Read original →

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