FirstRand Profit Falls 5% as $1.1 Billion Provision Curbs Gains
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FirstRand Ltd. profit fell for the first time in six years after a £807 million ($1.1 billion) provision for UK clients’ claims over missold car loans at its British motor-finance unit countered growth from loans and fee income.
FirstRand Ltd. profit fell for the first time in six years after a £807 million ($1.1 billion) provision for UK clients’ claims over missold car loans at its British motor-finance unit countered growth from loans and fee income.
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