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Last 25,245
Change Today -15.00 / -0.06%
Volume 428.9K
NED On Other Exchanges
As of 11:00 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

nedbank group ltd (NED) Snapshot

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Day High
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52 Week High
02/16/15 - $26,444
52 Week Low
10/15/14 - $21,100
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Current Stock Chart for NEDBANK GROUP LTD (NED)

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nedbank group ltd (NED) Details

Nedbank Group Limited, through its subsidiary, Nedbank Limited, provides various banking products and services principally in the Republic of South Africa. It offers retail banking products, such as transactional accounts, home loans, motor finance, cards, personal loans, and investments to individuals and small/micro businesses; business banking products, including specialist finance, invoice discounting, transactional banking, card acquiring, asset management, and personal-banking solutions to business owners and their employees; and corporate banking, property finance, transactional banking, and corporate shared services solutions. The company also provides investment banking services that include advisory services comprising corporate finance, debt origination, and debt advisory; debt financing solutions, including project finance, export credit finance, acquisition and leveraged finance, global commodity finance, and securitization; finance and advisory services for the energy, infrastructure, telecommunications, aviation, resources, oil and gas, and diversified industrials sectors; and private equity and alternative investments, as well as treasury and global market services. In addition, it offers wealth management, fiduciary, stockbroking, and financial planning services; asset management services; and life and short-term insurance solutions, as well as insurance broking services. The company was formerly known as Nedcor Limited and changed its name to Nedbank Group Limited in 2005. The company was founded in 1973 and is headquartered in Johannesburg, the Republic of South Africa. Nedbank Group Limited is a subsidiary of Old Mutual Life Assurance Company (SA) Limited.

30,499 Employees
Last Reported Date: 02/23/15

nedbank group ltd (NED) Top Compensated Officers

Chief Executive, Executive Director, Member o...
Total Annual Compensation: R18.6M
Chief Financial Officer, Executive Director, ...
Total Annual Compensation: R9.9M
Chief Operating Officer and Executive Directo...
Total Annual Compensation: R10.4M
Executive Director, Member of Group Credit Co...
Total Annual Compensation: R12.4M
Managing Executive of Nedbank Capital
Total Annual Compensation: R16.4M
Compensation as of Fiscal Year 2013.

nedbank group ltd (NED) Key Developments

Nedbank Group Limited Reports Earnings Results for the Three Months Ended March 31, 2015

Nedbank Group Limited reported earnings results for the three months ended March 31, 2015. The company’s net interest income for the three months ended March 31 increased 4.4% to ZAR 5.811 billion from ZAR 5.566 billion in the previous year. Average interest-earning banking asset growth, including increased prudential liquid asset requirements, was 9.2%, compared to 10.4% last year.

Nedbank Group Limited Announces Management Changes

Nedbank Group Limited announced that following the Old Mutual Group announcement that Dave Macready (56), currently Managing Executive of Nedbank Wealth, has been appointed as Chief Executive: Old Mutual South Africa from 1 May 2015 reporting to Ralph Mupita the Chief Executive of Old Mutual Emerging Markets. The company announced that in line with Nedbank Group's succession planning processes, Iolanda Ruggiero has been appointed as Managing Executive of Nedbank Wealth. Iolanda will take up this position with effect from 1 May 2015 and also join the Nedbank Group Exco, subject to regulatory approval. Nedbank Group is fortunate to have the depth and quality of management to ensure a seamless handover of Dave's responsibilities. The appointment of Iolanda ensures continuity of the Nedbank Wealth strategy, as she has worked very closely with Dave in her role as Chief Operating Officer of Nedbank Wealth since 2006. Iolanda joined the Nedbank Group in 2002 and has held senior management positions within Nedcor Investment Bank and Nedbank Retail. In 2006 Iolanda was appointed as Chief Operating Officer of Nedbank Wealth.

Eversheds Expands its Reach in Africa with the Firms Signing Strategic Alliances in South Africa, and Uganda and Zimbabwe

Eversheds has expanded its reach in Africa with the firms signing strategic alliances in South Africa, and Uganda and Zimbabwe respectively. Eversheds' latest tie-up is with Walkers, Investec, Hyprop Investments, Nedbank, Old Mutual, RGA Reinsurance, Standard Bank, and Woolworths among its clients. The African firms will continue to trade under their own brands and leverage business opportunities off the scale of their partner firms.


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