29,676.00
+0.50%
Close of 9 Nov 2026, in ZAc
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About Nedbank Group
Its shares trade on JSE under the ticker NED.JO. It has been listed since 1 July 1992. In the fiscal year to 31 December 2024, it reported revenue before interest expense of ZAR 163.24bn and net income of ZAR 16.83bn. At that date it held total assets of ZAR 1.42trn and shareholders' equity of ZAR 125.17bn.
Nedbank Group Ltd. is a bank holding company, which engages in the provision of financial services through its banking subsidiary, Nedbank Ltd. The company is headquartered in Sandown, Gauteng. The firm's principal banking subsidiary is Nedbank Limited. The firm provides wholesale and retail banking services, and insurance, asset management and wealth management offerings. The firm's segments include Nedbank Group, Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Rest of Africa, and Centre. Nedbank Corporate and Investment Banking offers a range of transactional, corporate, investment banking and markets solutions. Nedbank Retail offers a range of banking and assurance products and services. The business banking portfolio offers a range of commercial banking products. Nedbank Wealth provides a range of financial services through approximately three divisions of Wealth Management, Asset Management and Insurance. The Rest of Africa business is responsible for the Company's banking operations and expansion activities in the rest of Africa.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 1 Jul 1992
- Employees
- 28,559
- Website
- nedbankgroup.co.za ↗
Leadership
Pay as last reported
- Mr. Daniel MmineleIndependent Non-Executive Chairman of the BoardZAR 4.0m
- Mr. Jason QuinnChief Executive Officer
- Mr. Michael DavisChief Financial Officer, Executive Director, since 2015ZAR 30.3m
- Mr. Mfundo NkuhluChief Operating Officer, Executive Director, since 2009ZAR 31.9m
- Mr. Ray NaickerChief Information Officer
- Ms. Daleen du ToitGroup Chief Compliance Officer
- Mr. David Crewe-BrownChief Risk Officer
- Ms. Deborah FullerGroup Executive - Human Resources
- Ing. Anel BosmanGroup Managing Executive - Nedbank Corporate And Investment BankingZAR 33.3m
- Ms. Priya NaidooGroup Executive - Strategy
- Ms. Khensani NobandaGroup Executive - Group Marketing and Corporate Affairs
- Ms. Iolanda RuggieroGroup Managing Executive - Nedbank WealthZAR 21.7m
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 81
- Environment
- 99
- Social
- 99
- Governance
- 45
- Direct emissions (scope 1)
- 2,083 t
- Energy emissions (scope 2)
- 68,475 t
- Value chain emissions (scope 3)
- 12,177,462 t
- Women in the workforce
- 61.5%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong brand reputation: Nedbank Group Ltd is a well-established and highly recognized financial institution, known for its reliability and trusted services.
- Extensive product portfolio: The company offers a wide range of financial products and services, including retail banking, wealth management, and corporate banking, providing options to cater to various customer needs.
- Solid financial performance: Nedbank has consistently achieved strong financial results, demonstrating its ability to generate profits and maintain stability.
Weaknesses
- Limited global presence: Nedbank's operations are primarily focused in South Africa, which leaves it vulnerable to domestic economic fluctuations.
- Lack of technological innovation: The company has been relatively slow in adopting and implementing advanced digital technologies compared to some competitors, potentially hindering its ability to keep up with changing customer preferences.
- Reliance on interest income: A significant portion of Nedbank's revenue comes from interest income, making it susceptible to interest rate fluctuations and economic downturns.
Opportunities
- Growing demand for digital banking: The increasing preference for online and mobile banking presents an opportunity for Nedbank to invest in innovative digital solutions and capture a larger market share.
- Expansion into emerging markets: Exploring business opportunities in emerging markets, especially in Africa, can offer Nedbank access to new customer segments and untapped growth potential.
- Sustainable finance: As environmental and social factors gain importance, Nedbank can leverage its expertise to develop sustainable financial products and services, attracting environmentally conscious customers.
Threats
- Intense competition: The banking industry is highly competitive, and Nedbank faces strong competition from other established banks as well as emerging fintech companies.
- Regulatory challenges: Adherence to complex and evolving regulatory frameworks, including anti-money laundering and data protection regulations, can pose challenges and increase compliance costs.
- Economic instability: Uncertain economic conditions and unforeseen events, such as recessions or political turmoil, can adversely impact Nedbank's business operations and financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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