FirstRand

FirstRand Limited, together with its subsidiaries, provides banking, transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally. The company offers deposit and savings products; personal loans; and asset and invoice finance, as well as SME commercial, residential, and buy-to-let mortgages. It also provides life and short-term insurance products; card-acquiring services; and vehicle finance, installment credit and fleet management, and corporate and investment banking services. In addition, the company offers asset management, as well as vehicle-related insurance services. It serves retail, commercial, corporate, and public sector customers, as well as small business, agricultural, medium corporate, parastatal, and government entities. The company was incorporated in 1966 and is based in Sandton, South Africa.

The FirstRand group's history traces back to the 1970s as an investment bank. The group as currently was established on 1 April 1998, through a merger of the financial services interests of Anglo American Corporation of South Africa Limited and RMB Holdings in order to achieve the objective of a unified financial services grouping.

These financial services interests were First National Bank Holdings, Momentum Life Assurers Limited and the Southern Life Association Limited all of which were listed on the JSE. FNB and Southern Life wereconstituted as wholly owned subsidiaries of Momentum which was the vehicle to affect the merger. Momentum changed its name to FirstRand Limited and was listed on the Johannesburg Stock Exchange on 25 May 1998 with Anglo American and RMB Holdings holding 20.43% and 25.03% of the authorized capital of FirstRand respectively. Anglo American has since shed its entire shareholding.Post merger events saw the merging of Rand Merchant Bank and FNB to form FirstRand Bank Limited, with the two units remaining to trade as divisions of FirstRand Bank Limited and the transfer of Momentum's insurance business into that of Southern Life, to form FirstRand Insurance Limited.

FirstRand is listed as a "locally controlled bank" by the South African Reserve Bank, the national banking regulator. The group has subsidiaries in South Africa and in the countries of Botswana, Mozambique, Namibia, Lesotho, Tanzania, Ghana, Zambia, Nigeria and the UK.In November 2012, the Central Bank of Nigeria issued the first merchant banking licences in more than a decade to RMB Nigeria and another local firm.

To help our customers achieve economic success and financial security by building enduring, mutually beneficial relationships based on trust and integrity. To build a diverse workforce where employees can learn, grow and prosper as contributing members of a winning team. To create a sustainable, long-term value for our shareholders. To improve the quality of life in the communities we serve.

Our vision is to be an industry leader in creating value for our customers, employees, shareholders and the communities we serve. We will accomplish this through our team’s passion for providing an exceptional customer experience with a diverse workforce that is inclusive, encouraged, recognized and rewarded for delivering on this vision.