Macro Finance
FirstRand Profit Falls as $1.1 Billion Provision Curbs Gains
Bloomberg Markets·September 10, 2026·1 min read
FirstRand Ltd. reported its first profit decline in six years after a £807 million ($1.1 billion) provision for UK clients' claims over missold car loans at its British motor-finance unit. The provision countered growth from loans and fee income, dragging down overall profitability.
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