Nedbank Ltd - Company Profile
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Nedbank Ltd (Nedbank), a subsidiary of Nedbank Group Ltd, is a banking and other financial solutions provider. It offers savings accounts, investment accounts, fixed deposits, credit cards, debit cards, home loans, car loans, personal loans, student loans, and online banking solutions. The bank offers insurance coverage for life, funeral, accident and health, vehicle, home, travel, commercial property, credit and income protection, business, and general liability. It also offers various wealth management, advisory, financial planning, and trust services. The bank has operations in South Africa and other African countries, as well as, in European countries, and Asian countries. Nedbank is headquartered in Sandton, Gauteng, South Africa.
Headquarters
South Africa
Address
135 Rivonia Road, Sandown, Sandton, 2196
Website
www.nedbank.co.za
Telephone
27 860 555111
Industry
Financial Services
Revenue (2022)
$6.1B
Nedbank Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Deposits: | Cash Management |
| Savings | Treasury Management |
| Investment Accounts | Liquidity Management |
| 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 August, the company partnered with AWPower to offer its customers enhanced value and quicker access to customized solar energy solutions that cater to their specific requirements. |
| 2022 | Financing Agreements | In May, the company invested in RapidDeploy, a technology led emergency response platform. |
| 2021 | New Products/Services | In October, the bank introduced ‘Nedbank Business Hub’, an initiative that comprises an online business portal that provides business clients a one-stop shop for all financial-related services. |
Competitor Comparison
| Key Parameters | Nedbank Ltd | Standard Bank Group Ltd | Absa Bank Ltd | Investec Bank Ltd | FirstRand Bank Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Sandton | Johannesburg | Johannesburg | Johannesburg | Johannesburg |
| State/Province | - | - | - | Gauteng | Gauteng |
| No. of Employees | - | 49,931 | 30,627 | - | 44,916 |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael Davis | Director; Chief Financial Officer | Executive Board | 2020 | - |
| Mfundo Clement Nkuhlu | Chief Operating Officer; Director | Executive Board | 2015 | - |
| Michael William Thomas Brown | Director; Chief Executive | Executive Board | 2004 | - |
| Hubert Brody | Director | Non Executive Board | 2017 | - |
| Daniel Mminele | Chair-Designate; Director | Executive Board | 2023 | - |
| 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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