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Last 23,265
Change Today +265.00 / 1.15%
Volume 434.9K
NED On Other Exchanges
Symbol
Exchange
Johannesburg
OTC US
OTC US
Frankfurt
As of 8:52 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

nedbank group ltd (NED) Snapshot

Open
$23,260
Previous Close
$23,000
Day High
$23,340
Day Low
$23,000
52 Week High
08/4/15 - $27,450
52 Week Low
10/15/14 - $21,100
Market Cap
115.0B
Average Volume 10 Days
1.1M
EPS TTM
$22.63
Shares Outstanding
494.4M
EX-Date
09/7/15
P/E TM
10.3x
Dividend
$1,105
Dividend Yield
4.43%
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.

30,739 Employees
Last Reported Date: 08/4/15
Founded in 1973

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, H1 2015 Earnings Call, Aug 04, 2015

Nedbank Group Limited, H1 2015 Earnings Call, Aug 04, 2015

Nedbank Limited Reports Consolidated Earnings Results for the Six Months Ended June 30, 2015

Nedbank Limited reported consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported net interest income of ZAR 10,981 million against ZAR 10,698 million a year ago. Operating income was ZAR 17,142 million against ZAR 16,023 million a year ago. Profit from operations was ZAR 5,523 million against ZAR 5,222 million a year ago. Profit from operations before direct taxation was ZAR 5,529 million against ZAR 5,233 million a year ago. Profit attributable to ordinary and preference equity holders of ZAR 4,024 million compared to the ZAR 3,893 million for the same period year ago. Headline earnings attributable to ordinary and preference equity holders of ZAR 4,021 million compared to the ZAR 3,899 million for the same period year ago. Cash flows from operating activities was ZAR 6,963 million compared to cash flows utilized by operating activities ZAR 4,769 million for the same period year ago.

Nedbank Group Limited Declares Interim Dividend for the Six Months Ended June 30, 2015, Payable on September 14, 2015; Reports Earnings Results for the Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015

Nedbank Group Limited announced that a gross interim dividend of 537 cents per ordinary share has been declared, payable to shareholders for the six months ended 30 June 2015. The dividend has been declared out of income reserves. Payment date is 14 September 2015, record date (date shareholders recorded in books) is 11 September 2015, last day to trade (cum dividend) is 4 September 2015, and shares commence trading (ex dividend) is 7 September 2015. The dividend will be subject to a dividend withholding tax rate of 15% (applicable in SA) or 80.55 cents per ordinary share, resulting in a net dividend of 456.45 cents per ordinary share, unless the shareholder is exempt from paying dividend tax or is entitled to a reduced rate in terms of an applicable double-tax agreement. The company reported earnings results for the six months ended June 30, 2015. For the quarter, the company reported headline earnings for the six months ended June 30, 2015 grew 15.7% to ZAR 5,323 million (June 2014: ZAR 4,599 million), underpinned by strong non-interest revenue growth, disciplined expenses growth, ongoing improvement in impairments and faster growth from activities in the rest of Africa, including associate income from shareholding in Ecobank Transnational Incorporated. Diluted headline earnings per share increased 14.1% to 1.101 cents against 965 cents a year ago and headline earnings per share grew by 13.7% to 1,128 cents against 992 cents a year ago. The increases in the return on average ordinary shareholders' equity, excluding goodwill to 17.3% against 16.5% a year ago and of the ROE to 16.0% against 15.1% a year ago, were driven by a higher return on assets of 1.28% against 1.22%). Economic profit increased by 59.4% to ZAR 328 million against ZAR 833 million a year ago. Headline earnings growth was supported by strong non-interest revenue generation and disciplined expense management resulting in a higher NIR-to-expenses ratio of 83.1%. NII increased 3.7% to ZAR 11,675 million against ZAR 11,263 million a year ago as the 9.6% growth in average interest-earning banking assets was partially offset by the narrowing of the net interest margin to 3.36% against 3.55% a year ago. For the year ending December 31, 2015, the company expectation of organic growth in diluted headline earnings per share for the year ending December 31, 2015 to be above nominal gross domestic product growth remains unchanged. Advances to grow above mid-single digits. NIM to be slightly below the level reported in the 2015 interim results of 3.36%. CLR to be at the lower end of the through-the-cycle target range of 80 bps to 120 bps. NIR (excluding fair-value adjustments) to grow above mid-single digits. Expenses to increase above mid-single digits.

 

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