A rise in FNB eWallet users
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FNB says it has delivered robust interim results for the six months ended December 2021 with pre-tax profits increasing 31% to R13.8 billion, and an improved Return on Equity (ROE) of 39.7%.
Operational performance was bolstered by a macroeconomic recovery, deposit growth, and an improved credit performance, coupled with continued platform innovation, it said.
While there was muted growth in advances, deposit growth remained strong with retail and commercial segments benefiting from active customer base growth of 3% and 5%, respectively.
FNB said it increased its customer numbers to a combined total of 10.69 million, comprising 8.82 million customers in South Africa and 1.87 million customers in the Rest of Africa.
Operational performance was bolstered by a macroeconomic recovery, deposit growth, and an improved credit performance, coupled with continued platform innovation, it said.
While there was muted growth in advances, deposit growth remained strong with retail and commercial segments benefiting from active customer base growth of 3% and 5%, respectively.
FNB said it increased its customer numbers to a combined total of 10.69 million, comprising 8.82 million customers in South Africa and 1.87 million customers in the Rest of Africa.
