FSR profit fell to R39.3bn as UK redress costs weighed
FSR said profit after tax declined to R39.3 billion due to a large UK motor finance provision and goodwill impairment. It also reported revenue and non-interest income growth, with strong core lending growth and a well-capitalized position.
3 billion, pressured by a large UK motor finance provision and a goodwill impairment. Revenue and non-interest income increased, while the group said it remains well-capitalized and continues to see strong core lending growth as it works to exit UK operations to improve risk and capital efficiency.