Nedbank still seeing ‘pent-up demand’ for credit
Interest income has remained robust for the 10-month period through to the end of October 2022, Nedbank noted in an investor update on Monday. This it said moved in tandem with an increased…
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Nedbank
Nedbank has cut 1 in 4 branches and 16% of staff since 2015
Nedbank has cut a quarter of its branches (25%), or 140 outlets, since 2015. This has meant a reduction in the floor space occupied by branches of 22% since that point, with a cumulative 69…
Nedbank sees SA clean energy loans jump to R50bn
Nedbank wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader in funding renewable power…
‘Too big to fail’ Eskom’s debt revamp is sensible, Nedbank says
South Africa’s plan to take over part of Eskom’s R396 billion ($24 billion) debt is in the “the right direction,” because the power utility is “too big to fail,” Nedbank Chief Executive…
Nedbank uses its purpose to do good
JEANETTE CLARK: In 2020, when the South African economy contracted by a record 7%, the agriculture sector was the only one other than government services to contribute positively to GDP,…
SA Tourism and Nedbank collab in an initiative to bolster tourism sector
Nedbank and South African Tourism (SA Tourism) have collaborated to launch a ‘Women in Tourism Entrepreneurship Programme’ that will seek to bring a much-needed boost to the tourism…
Bain & Co, Nedbank deny facilitating corruption in SA
Global consultancy Bain & Co. and Nedbank Group, South Africa’s fifth-largest lender, denied willfully facilitating or being party to corruption after a judicial inquiry found their…