About FirstRand

FirstRand Limited (also referred to as FirstRand Group) was established in April 1998. FirstRand is a financial services group and one of the big four South African retail, commercial and investment banks. FirstRand owns brands like First National Bank (FNB), Rand Merchant Bank (RMB), Ashburton Investments, and Wesbank. The group has representation elsewhere in Africa, including Nigeria, as well as the United Kingdom, Dubai, Australia, China, and India. The bank has signed the Equator Principles under the name FirstRand Bank Ltd. in 2009.

Website	https://www.firstrand.co.za/
Headquarters	4 Merchant Place, Cnr. Fredman Drive & Rivonia Road, 4th Floor 2196 Sandton South Africa
CEO/chair	Alan Pullinger CEO
Supervisor	South African Reserve Bank
Annual report	Annual integrated report 2019
Ownership	listed on JSE Limited & Namibian Stock Exchange FirstRand's shareholder structure can be accessed here.

Related Dodgy Deals

FirstRand has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

There are no active projects for FirstRand now.

Projects - on record profiles

Kusile coal power plant South Africa profile

Coal Electric Power Generation

Approached, interested

EUR 705 million

December 2009

Part of € 705 million syndicated loan - ECA/Euler Hermes-covered loan used to fund part of the foreign content of the Kusile boiler contract with Hitachi Power Europe (HPE). Rand Merchant bank participated in the loan and is a wholly owned division of FirstRand Bank Ltd.

source: Eskom Press Release, 11 December 2009