FirstRand

FirstRand Limited
TypePublic
JSE: FSR
IndustryBanking and finance
Founded1838 (1838) (founded as the Eastern triocrees Province Bank, now known as the First National Bank)
1998 (1998) (establishment of the group)
HeadquartersJohannesburg, South Africa
Key peopleJohan Burger (chairman)
Mary Vilakazi (group CEO)
ProductsLending, transactional services, investments, insurance, and asset management
Increase R 92.54 billion (2024)
Increase R 28.24 billion (2024)
Total assetsIncrease R 1.72 trillion (2024)
Total equityIncrease R 129.16 billion (2024)
Number of employees
48,059 (2022)
DivisionsFirst National Bank
Rand Merchant Bank
WesBank
Ashburton
Websitefirstrand.co.za

FirstRand Limited, also referred to as FirstRand Group, is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator. FirstRand Group is Africa’s largest listed financial services institution, with over R1.7 trillion in assets under management (AUM) across Africa, the UK, and India.

The company operates through various divisions, including First National Bank (FNB) for commercial banking, Rand Merchant Bank (RMB) for corporate and investment banking, WesBank for vehicle and asset financing, and Ashburton for asset management.