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FirstRand Results for the year ended 30 June 2011

GROUP NEWS

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FirstRand Laurie Dippenaar Scholarship : 30 November, 2011

Calling for applications for the prestigious FirstRand Laurie Dippenaar Scholarship for International Postgraduate Study to the value of R350 000 per annum for a maximum of two years. This scholarship is available to a South African citizen, for study outside South Africa in any discipline at the internationally recognised university of their choice for a post-graduate degree. Excellence is the only criteria for selection. Applications open 2 January 2012 and close 2 March 2012... read more

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FirstRand normalised earnings at 22% : 13 September, 2011

FirstRand’s normalised earnings up strongly at 22% and group pays out special dividend... read more

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2011 Laurie Dippenaar scholarship awarded : 24 May, 2011

The 2011 FirstRand Laurie Dippenaar Scholarship for Post Graduate International Study, worth R700 000 for one candidate over two years or worth R350 000 for two candidates over one year, has been awarded... read more

 

Key facts

FirstRand is one of the largest financial institutions in South Africa


Figures for the year ended 30 June 2011 are as follows:


Assets under
management
R790.8bn
$116.8bn
Normalised net asset
value
R58.9bn
$8.7bn
Normalised earnings R10.1bn
$1.5bn
Normalised ROE 18.7%

 

Conversion rates at 30 June 2011


Income statement $1=R6.96
Balance sheet $1=R6.77

Hot links

FNB economics

RMB Fixed Income Reports

The Banking Assoc. SA

SA Reserve Bank