FirstRand Forecasts Strong 2027 Growth
South African lender FirstRand projects high single-digit growth in fiscal 2027 net interest income. Shares rose following the upbeat forecast, despite provisions for UK motor finance.
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FIRSTRAND LTD forecast high single-digit growth in fiscal 2027 net interest income on Thursday morning, sending its shares up 4.2%. The Johannesburg-based lender expects normalization after provisions for a regulatory redress scheme weighed on fiscal 2026 results. The outlook reflects strengthening borrowing demand across South Africa as inflation eases and borrowing costs fall.
