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Banking sector outlook and FNB’s strong financial results

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South Africa’s largest banks are navigating a challenging economic environment shaped by global volatility, rising competition in digital finance, and shifting consumer behaviour. Yet the latest results from FirstRand Limited show continued momentum, with normalised earnings rising 11% to R23.2 billion and return on equity exceeding 21%.

On KayaBiz, FNB CEO Harry Kellan unpacks the drivers behind the bank’s performance, the growing role of digital banking, and what current lending and spending trends reveal about the financial health of South African consumers.
9 Mar 3PM English South Africa Business News · Investing

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