FirstRand Bank
About FirstRand Bank
FirstRand was formed from the 1998 merger of Anglo American Corporation and RMB Holdings. FirstRand owns First National Bank, Rand Merchant Bank, and WesBank. FirstRand pioneered vehicle asset finance in South Africa through WesBank. The bank is the largest financial services group in Africa by market capitalization. FirstRand has expanded across Africa with operations in 10 countries. The bank weathered the 2008 crisis and South African economic challenges well. CEO Alan Pullinger led the bank through COVID 19 with conservative provisioning. FirstRand is known for innovative products including the eBucks rewards program, one of the first banking loyalty programs in Africa. The bank serves over 12 million customers.
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