
Active
This profile is actively maintained
Active
This profile is actively maintainedWebsite | 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 | |
Ownership |
listed on JSE Limited & Namibian Stock Exchange
FirstRand's largest shareholder is the South African state- owned Public Investment Corporation (15.1%). The bank's complete shareholder structure can be accessed here. |
Subsidiaries |
Rand Merchant Bank – South Africa
|
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 signed the Equator Principles in 2009.
FirstRand's webpage on corporate social responsibility can be accessed here.
FirstRand is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of FirstRand's link to these deals.
Banks and Human Rights
BankTrack assessed FirstRand in its 2021 Human Rights Benchmark Africa, where it achieved 1 point out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile
Human Rights Benchmark Africa 2021
FirstRand operates a group ethics line reporting facility which can be accessed here.
This page evaluates FirstRand's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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