The Nedbank Group is incorporated in the Republic of South Africa and our registration number is 1966/010630/06. Our ordinary shares have been listed on JSE Limited (the JSE) since 1969 under the share code: NED, and on the Namibian Stock Exchange since 2007 under the share code: NBK. Our ISIN is ZAE000004875.
We offer the following solutions through our frontline clusters, Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, and the Rest of Africa:
A wide range of wholesale and retail banking services.
A growing insurance, asset management and wealth management offering.
Nedbank Group’s primary market is South Africa, however, we are continuing to expand into the rest of Africa.
We have a presence in six countries in the Southern African Development Community (SADC) and East Africa region where we own subsidiaries and banks in Namibia, Swaziland, Malawi, Mozambique, Lesotho, Zimbabwe, as well as representative offices in Angola and Kenya.
In West and Central Africa we follow a partnership approach, concluding the acquisition of an approximate 20% shareholding in Ecobank Transnational Incorporated (ETI) in 2014, enabling a unique one-bank experience to our clients across the largest banking network in Africa, comprising more than 2 000 branches in 39 countries.
Key facts about Nedbank Group at 30 June 2018
Market capitalisation: R125 billion
Total assets: R1 trillion
Assets under management: R314 billion
Headline earnings: R6 696 million (half year)
Dividends per share: 695 cents per share (half year)
Tier 1 CAR: 13.2%
Wholesale: retail business split around 60:40
Outlets: 704 (including rest of Africa)
ATMs: 4 193 (including rest of Africa)
Employees: 31 592
Clients: 8 million (including the rest of Africa)
Country presence: 39 in Africa through our Ecobank alliance
Nedbank’s history traces back to the early 19th century with the establishment of the Cape of Good Hope Bank in 1831.
Following successive branding and structural changes, from The Nederlandsche Bank voor Zuid-Africa to the Netherlands Bank of South Africa (NBSA), to Nedcor Group in the 1980s, Nedbank Group was formed in 2003.
Today we have strategic alliances across the globe, and are proud of our reputation as one of the most transformed banks in South Africa.