Company Overview of Nedbank Limited
Nedbank Limited provides various banking and financial services to individuals, corporates, and small businesses. The company accepts various deposit products, including current accounts, savings accounts, call and notice deposits, fixed deposits, negotiable certificates of deposits, call and term deposits, and cash management deposits. It also provides credit cards; home, car, student, and personal loans; financial solutions to non-residents; financial planning services; financial services for companies and their employees; and travel check. In addition, the company offers private wealth management, estate planning, wills drafting, executor, testamentary trust, tax, accounting, internationa...
Nedbank 135 Rivonia Campus
135 Rivonia Road
Key Executives for Nedbank Limited
Chief Executive, Executive Director, Member of Group Credit Committee and Member of Large-Exposure Approval Committee
Managing Director of Nedbank Africa
Managing Director of Business Banking
Chief Financial Officer, Executive Director, Member of Group Credit Committee and Member of Large-Exposure Approval Committee
Chief Operating Officer and Executive Director
Compensation as of Fiscal Year 2014.
Nedbank Limited Key Developments
Nedbank Limited Announces Preference Dividend, Payable on 23 March 2015
Feb 23 15
Nedbank Limited announced that preference dividend no 24 of 38,76140 cents per share has been declared for the period from 1 July 2014 to 31 December 2014, payable on 23 March 2015, to shareholders of the Nedbank non-redeemable non-cumulative preference shares recognized in the accounting records of the company at the close of business on 20 March 2015. The dividend has been declared out of income reserves. Shares trade ex dividend is 16 March 2015. Record date is 20 March 2015 and the payment date on 23 March 2015.
Nedbank Limited Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014
Feb 23 15
Nedbank Limited reported audited consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported interest and similar income of ZAR 50,075 million compared to interest income of ZAR 44,107 million for the same period a year ago. Net interest income was ZAR 21,753 million compared to ZAR 20,234 million last year. Operating income was ZAR 33,471 million compared to ZAR 30,171 million last year. Profit from operations before non-trading and capital items was ZAR 10,918 million compared to ZAR 9,492 million last year. Profit from operations was ZAR 10,822 million compared to ZAR 9,437 million last year. Profit from operations before direct taxation was ZAR 10,834 million compared to ZAR 9,465 million last year. Profit was ZAR 8,048 million compared to ZAR 7,168 million last year. Profit attributable to ordinary and preference equity holders was ZAR 7,998 million compared to ZAR 7,152 million last year. Headline earnings attributable to ordinary and preference equity holders were ZAR 8,077 million compared to ZAR 7,189 million last year. Cash utilised by operating activities was ZAR 1,701 million compared to cash flows from operating activities of ZAR 7,637 million last year. Capital expenditure was ZAR 2,570 million compared to ZAR 1,103 million last year.
Old Mutual plc, Nedbank Limited and Nedbank Group Limited Announce Executive Changes
Jan 13 15
Old Mutual plc announced that Mr. Vassi Naidoo will join Board as a non-executive director with effect from May 1, 2015. This appointment has been made following his selection by Nedbank Group Limited and Nedbank Limited as their prospective new Chairman. He will also join Nedbank's Boards from 1 May 2015 and succeed Dr. Reuel Khoza, Nedbank's current Chairman, following Nedbank's AGM on 11 May 2015. As well as joining Board, Mr. Naidoo will also succeed to Dr. Khoza's memberships of the Board Risk and Nomination Committees after AGM. Mr. Naidoo has excellent knowledge of banking and deep experience and skills in relation to financial services. He has a clear commitment to Africa and extensive experience on the continent which is a critical part of Group strategy.
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