Nedbank

Nedbank, one of South Africa’s big-six banking groups, estimates that in the first quarter of 2023, GDP shrank by less than the previously expected 0.3%, albeit by minor margins, with the country’s unrelenting electricity crisis continuing…

Nedbank and investment company Brimstone have invested R15 million in the United States Agency for International Development’s Catalyze EduFinance fund, which will be used to advance early childhood development (ECD) in South Africa and…

Article content (Bloomberg) — Nedbank Group Ltd. has increased its green finance pipeline to more than 10 billion rand ($548 million) as more South African businesses invest in private power generation after the government lifted…

Nedbank says more customers have become financially distressed under the weight of the flagging South African economy, even as it delivered a strong set of full year profits on Tuesday. The green bank reported its full-year results for the…

You can also listen to this podcast on iono.fm here. This interview originally aired on RSG Geldsake in Afrikaans and has been translated in this transcript. RYK VAN NIEKERK: Nedbank reported financial results for its financial year to…

Interest income has remained robust for the 10-month period through to the end of October 2022, Nedbank noted in an investor update on Monday. This it said moved in tandem with an increased demand for credit. Nedbank CFO Mike Davis said…

Old Mutual has announced that it has applied for a banking licence and plans to launch a full transactional account in the second half of 2024. The insurer will join an increasingly crowded market, following the entry of Discovery,…

FIFI PETERS: Let’s hit Nedbank’s results . Nedbank was the first bank out of the big five to release numbers today. Profits were up quite strongly on the back of higher revenues, and the bank paid a pretty good dividend – up 81%. In fact,…

Nedbank has cut a quarter of its branches (25%), or 140 outlets, since 2015. This has meant a reduction in the floor space occupied by branches of 22% since that point, with a cumulative 69 586m2 saved since 2014. To offset the branch…

Nedbank wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader in funding renewable power projects. The bank’s lending toward the…