FirstRand completed the acquisition of Aldermore Group for £1bn.

FirstRand, a financial services provider in South Africa, completed the acquisition of Aldermore Group, a retail bank which provides financial services to small and medium-sized businesses, for £1bn. FirstRand has been looking to return to developed markets following a rethink of its strategy prompted by slowing growth and rising risks elsewhere in Africa. It already runs MotoNovo, a vehicle financing business, in Britain.