South African lender FirstRand posts 11% rise in annual profit

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South Africa's FirstRand Ltd on Thursday posted an 11% rise in annual profit as the bank benefitted from rising interest rates even as its bad loans rose.

on Thursday posted an 11% rise in annual profit as the bank benefitted from rising interest rates even as its bad loans rose.

FirstRand, the country's largest lender by market value, announced a dividend of 3.84 cents per share.

Source: Loan Digest (loandigest.net)

 

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