Rand Merchant Bank Holdings Share Price
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.
The shares of RMB Holdings are listed on the JSE. As of June 2015 the shareholding of RMB Holdings was as follows:
|Rank||Name of Owner||Percentage Ownership|
|1||Financial Securities Limited (Remgro)||28.2|
|2||Royal Bafokeng Holdings Proprietary Limited||15.0|
|3||Public Investment Corporation||10.0|
|5||Others Local and International Investors||41.5|