Nedbank Group Limited Overview
Pro stress-test →Nedbank Group Limited is a financial services provider offering wholesale and retail banking services, and insurance, asset management and wealth management. With assets of more than R1.3tn, it is one of the largest financial services groups in Africa, serving more than 7.3 million active clients.
Strategic Profile
Pro stress-test →In South Africa, Nedbank has a strong franchise that contributes 90% of the group's R1.3tn in assets and 80% of the group's R15.7bn headline earnings. The company recently announced an offer to acquire approximately 66% of NCBA's publicly listed shares, advancing its growth strategy through partnership with a leading East African bank known for strong digital capabilities and regional scale.
Competitive Landscape
Pro stress-test →Nedbank Group is one of South Africa's four largest banks. The bank competes with major South African banking competitors including ABSA, Standard Bank, and FirstRand Bank, while also expanding regional presence across sub-Saharan Africa.
Industry Context
Nedbank Group Limited operates in Financial Services / Banking.
Key facts
Founded: 1831 · Headquarters: Sandton, South Africa · Employees: 28,700 · Revenue: ~ZAR 37.6B (derived from net interest margin) · Market cap: ~ZAR 13.09T (~$850M USD equiv.)