FirstRand

It is a financial and banking services provider group in South Africa. It is responsible for offering loans, transactional services, investments, asset management and insurance to all its clients in the country.

History

The history of the bank began in 1838 with the name of Eastern Triocrees Province Bank and over the years has undergone several transformations. To establish a group capable of offering financial and investment services and projects, FirstRand Limited was created thanks to the merger of financial services entities that are part of Anglo American Corporation of South Africa Limited and RMB Holdings. They were First National Bank Holdings, Momentum Life Assurers Limited and Southern Life Association Limited. The bank is controlled by the national regulator, the South African Reserve Bank.

Swift Code

The Swift Code (Society for Worldwide Interbank Financial Telecommunication), also known as BIC, is used during an international transfer to identify the receiving bank: FIRNZAJJ.

Number of Employees

The bank has approximately 50,000 employees.

Rating

The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.

FirstRand has a rating of:

  • Moody’s = Baa3.
  • S&P = BB. 

Baa3 (Moody’s) = It has moderate credit risk.

BB (S&P Global) = It is very prone to economic changes.

Headquarters

The headquarters of the entity is in the city of Johannesburg, South Africa.

Website

If you want to know more about this bank, enter through its website: http://www.firstrand.co.za/.

Services

The bank offers retail, commercial, insurance, investment, and corporate banking services. It also provides term loans, fleet management, financing, asset management, loans, insurance, treasury, transactional services, and more.

Contact

  • Address: 4 Merchant Place, Corner Fredman Drive and Rivonia Road, Sandton, 2196
  • Phone Number: +2711 282 1808