XJSE
NED
Market cap7.70bUSD
Jun 19, Last price
28,146.00ZAR
1D
1.67%
1Q
6.20%
Jan 2017
18.20%
Name
Nedbank Group Ltd.
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Profile
Headquartered in Sandton, South Africa, Nedbank Group Limited, founded in 1831 and known as Nedcor Limited until 2005, delivers a comprehensive array of wholesale and retail banking services to clients within South Africa and on an international scale. The institution offers a diverse portfolio of financial products tailored for personal, business, and corporate clients. For individuals, Nedbank provides essential personal banking solutions, encompassing various savings and investment accounts, a full spectrum of loans (including home, personal, student, vehicle, and short-term), overdrafts, and credit cards. It also delivers comprehensive financial and estate planning, wills, and trust services, alongside specialized offerings such as wealth management, professional banking, non-resident and embassy services, insurance, stockbroking, and foreign exchange. Its business banking division supports enterprises with dedicated accounts, flexible deposit options, and bespoke financing for property, assets, and vehicles. This includes value-added services like card and cash management, treasury solutions, electronic banking, and merchant payment support. Additionally, businesses benefit from a broad suite of insurance products—covering life, asset, income, credit protection, funeral, and various business risks—as well as asset management and financial market products, including commodities, equities, fixed income, and structured credit. The corporate banking arm delivers sophisticated financing options across numerous sectors, such as aircraft, infrastructure, energy, telecoms, mining, oil & gas, as well as asset-based, carbon, export credit, global commodity, leveraged, private equity, and public sector finance. It further facilitates global commerce through payment and receipt solutions, documentary credits, guarantees, and comprehensive trade finance. Corporate clients also access structured solutions, lending and advances, custodial services, corporate finance and debt advisory, beta solutions, and institutional investment services. Beyond these specialized segments, Nedbank provides essential transactional banking services across its client base.
IPO date
Jul 01, 1992
Employees
25,900
Domiciled in
ZA
Incorporated in
ZA
Valuation
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