Nedbank Group Ltd - Company Profile
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Nedbank Group Ltd (Nedbank) is a provider of retail banking, business banking, transactional banking, investment banking, wealth management, insurance, and asset management solutions. It provides savings and investment accounts, home loans, Personal loans, deposits, property, vehicle and asset finance, cards, and merchant payment solutions. The company offers advisory, custodial, trading, financial planning, foreign exchange, and e-banking services. Nedbank serves individuals, businesses, financial institutions and government and public sector units. It has an operational presence across Namibia, Mozambique, Lesotho, Zimbabwe, Swaziland, Kenya, Angola, Isle of Man, the UK, and Jersey. Nedbank is headquartered in Sandown, Johannesburg, South Africa.
Headquarters
South Africa
Address
135 Rivonia Road, Sandown, Sandton, 2196
Telephone
27 11 2944444
No of Employees
25,900
Industry
Financial Services
Ticker Symbol & Exchange
NED (JNB)
Revenue (2022)
$7.0B
20.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
26.7%
(2022 vs 2021)
Market Cap*
$5.8B
Net Profit Margin (2022)
XYZ
5.4%
(2022 vs 2021)
* As of and is in US$
Nedbank Group Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Bank Accounts: | Self-Service Banking |
| Savings | Non-Resident Banking |
| Professional Banking | Financial Planning |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In February, Nedbank Insurance launched a zero-excess geyser-claims product in partnership with Sensor Networks. |
| 2022 | Contracts/Agreements | In September, the company announced a partnership with the South African Partners in Agri Land Solutions (SA PALS) to provide emerging black farmers with the support, insights, and expertise. |
| 2021 | Corporate Changes/Expansions | In June, Banco Unico renamed to Nedbank Mozambique. |
Competitor Comparison
| Key Parameters | Nedbank Group Ltd | FirstRand Ltd | Absa Group Ltd | Standard Bank Group Ltd | Investec Bank Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Sandton | Sandton | Johannesburg | Johannesburg | Johannesburg |
| State/Province | - | Gauteng | Gauteng | - | Gauteng |
| No. of Employees | 25,900 | 50,493 | 36,706 | 49,931 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael William Thomas Brown | Chief Executive Officer; Director | Executive Board | 2010 | 56 |
| Michael Davis | Director; Chief Financial Officer | Executive Board | 2020 | 51 |
| Mfundo Clement Nkuhlu | Chief Operating Officer; Director | Executive Board | 2015 | 56 |
| Fred Swanepoel | Chief Information Officer | Senior Management | 2008 | 59 |
| David Crewe Brown | Chief Risk Officer | Senior Management | 2023 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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