South African lender FirstRand posts 10% rise in earnings
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FILE PHOTO: The logos of companies Rand Merchant Bank, FNB, and Wesbank are seen outside the FirstRand offices in Cape Town, South Africa, March 11, 2019. Picture taken March 11, 2019. REUTERS/Mike Hutchings/File Photo
JOHANNESBURG (Reuters) - South Africa's FirstRand Ltd on Thursday posted a 10% rise in first-half earnings, helped by stronger overall credit performance.
Its normalised earnings rose to 20.9 billion rand ($1.14 billion) in the six months ending Dec. 31, from 19.1 billion rand a year earlier, the bank said.
FirstRand, which also operates across certain markets in sub-Saharan Africa and the UK, declared an interim dividend of 219 cents per share, up from 200 cents a year earlier.
($1 = 18.3016 rand)
(Reporting by Nqobile Dludla; Editing by Himani Sarkar)
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