FirstRand dodges credit loss

[Bloomberg]

FirstRand dodges credit loss

A decision by South Africa’s biggest bank by market value to lend cautiously in the aftermath of the Covid-19 pandemic helped it avoid a sharp increase in bad loans.

 

[Bliksis]

Ok

 

[epah]

Look at the credit loss at capitec. Whew.

 

[epah]

Ok

You are so sour today.

 

[rvZA]

Yeah borrowing money for cars, properties, even personal loans to any employed individual in SA is a crazy move and will lead to liquidation of the bank.

 

[Bliksis]

I'm chuffed to report that Nedbank phoned me to offer me a personal loan.

Things aren't that bad yet.

 

[epah]

Yeah borrowing money for cars, properties, even personal loans to any employed individual in SA is a crazy move and will lead to liquidation of the bank.

I thought only the middle class were risky business.

 

[Paul_S]

Yeah borrowing lending money for cars, properties, even personal loans to any employed individual in SA is a crazy move and will lead to liquidation of the bank.

FIFY