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FirstRand ups interim dividend amid interest rates boost

Garth Theunissen

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Firstrand CEO Alan Pullinger.

Firstrand CEO Alan Pullinger.

Picture: Supplied

FirstRand, South Africa’s largest banking group, raised its interim dividend as sky-high interest rates boosted the profit it makes on loans - even as bad debt charges crept upwards.

The owner of FNB, RMB, WesBank and Ashburton Investments announced a 6% increase in headline earnings to R19.14 billion for the six months to end-December 2023.

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