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RMB Holdings Ltd RMBHF

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Morningstar’s Analysis

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5-Star Price

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Economic Moat

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Company Profile

Business Description

RMB Holdings Ltd is a holding company that owns roughly a third of FirstRand Limited, which is a large financial-services group in South Africa. FirstRand is RMB's sole investment. FirstRand operates First National Bank, which is a retail and commercial bank; Rand Merchant Bank, which is a corporate and investment bank; WesBank, which offers vehicle and asset financing; and Ashburton Investments, which engages in investment management. FirstRand generates more than half its total revenue from net interest income, with the remainder coming from fees, commissions, and insurance premiums. By business, First National Bank, the retail and commercial bank, provides most of FirstRand's revenue.

Contact
Corner Cradock and Tyrwhitt Avenues, The Bank, 12th floor
Johannesburg, GT, 2196, South Africa
T +27 107532420
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Mar 31, 2021
Fiscal Year End Mar 31, 2022
Stock Type
Employees 5