Nedbank Group Ltd - Company Profile
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Nedbank Group Ltd (Nedbank) is a bank-controlling company that operates through its subsidiaries to provide wholesale and retail banking services, insurance, asset management, and wealth management. The group’s major services include lending products, advisory services, leverage financing, trading, brokering, structuring, hedging, and client coverage. Nedbank serves a diverse clientele, including small and medium enterprises, commercial and mid-corporate companies, and individual clients across various market segments. The group operates through a network of client-facing units and digital channels to deliver its services. Nedbank's geographic presence extends across several African countries, including Eswatini, Lesotho, Namibia, Mozambique, and Zimbabwe, with additional operations in South Africa, London, Jersey, the UAE, and the Isle of Man. Nedbank is headquartered in Sandton, South Africa.
Headquarters
South Africa
Address
135 Rivonia Road, Sandown, Sandton, Gauteng, 2196
Telephone
27 11 2944444
No of Employees
25,731
Industry
Financial Services
Ticker Symbol & Exchange
NED (JNB)
Revenue (2024)
$9.2B
1.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-49.5%
(2024 vs 2023)
Market Cap*
$8.7B
Net Profit Margin (2024)
XYZ
-50.1%
(2024 vs 2023)
* As of and is in US$
Nedbank Group Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Bank Accounts: | Self-Service Banking | Nedbank |
| 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 |
|---|---|---|
| 2026 | Contracts/Agreements | In March, the group partnered with Crypto.com to develop compliant blockchain-based payment, settlement, and liquidity solutions across Africa. |
| 2026 | Plans/Strategy | In January, the group announced its plans to acquire a 66% stake in the NCBA Group PLC. |
| 2025 | Others | In November, the group concluded a confidential settlement with Transnet, agreeing to pay ZAR600 million to resolve litigation without liability admission. |
Competitor Comparison
| Key Parameters | Nedbank Group Ltd | Standard Bank Group Ltd | FirstRand Ltd | Absa Group Ltd | Old Mutual Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Sandton | Johannesburg | Sandton | Johannesburg | Cape Town |
| State/Province | Gauteng | - | Gauteng | Gauteng | Western Cape |
| No. of Employees | 25,731 | 50,451 | 51,244 | 37,033 | 27,832 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jason Patrick Quinn | Director; Chief Executive Officer | Executive Board | 2024 | 51 |
| Michael Davis | Director; Chief Financial Officer | Executive Board | 2020 | 54 |
| Mfundo Clement Nkuhlu | Director; Chief Operating Officer | Executive Board | 2015 | 59 |
| David Crewe Brown | Chief Risk Officer - Group | Senior Management | 2023 | 58 |
| Nomonde Hlongwa | Group Chief Compliance Officer | Senior Management | 2025 | 43 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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