Last 25,582
Change Today -122.00 / -0.47%
Volume 628.7K
NED On Other Exchanges
Symbol
Exchange
Johannesburg
OTC US
As of 10:00 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

nedbank group ltd (NED) Snapshot

Open
$25,652
Previous Close
$25,704
Day High
$25,927
Day Low
$25,423
52 Week High
02/16/15 - $26,444
52 Week Low
03/14/14 - $20,218
Market Cap
131.5B
Average Volume 10 Days
617.0K
EPS TTM
$21.27
Shares Outstanding
514.0M
EX-Date
03/27/15
P/E TM
12.0x
Dividend
$1,028
Dividend Yield
3.77%
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 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

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.

Nedbank Mulls Acquisitions

Nedbank Group Limited (JSE:NED) is looking for acquisitions. Chief Executive Officer, Mike Brown stated that Nedbank will continue in 2015 to look for acquisitions in east and southern Africa, however, there are no imminent deals.

Nedbank Group Limited Declares Final Dividend for the Year Ended December 31, 2014, Payable on April 7, 2015; Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Nedbank Group Limited announced that a gross final dividend of 568 cents per ordinary share has been declared, payable to shareholders for the year ended 31 December 2014. The dividend has been declared out of income reserves. The dividend will be subject to a dividend withholding tax rate of 15% (applicable in SA) or 85.20000 cents per ordinary share, resulting in a net dividend of 482.80000 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. Payable on April 7, 2015 with record date of April 2, 2015. The company reported audited consolidated earnings results for the year ended December 31, 2014. The company produced strong headline earnings growth of 14.0% to ZAR 9,880 million against ZAR 8,670 million a year ago. Growth was driven by an increase in net interest income (NII), improvements in impairments and growth in non-interest revenue (NIR), particularly in the second half. Diluted headline earnings per share (DHEPS) increased 13.0% to 2,066 cents against 1,829 cents in 2013 and diluted earnings per share increased 12.5% to 2,049 cents against 1,822 cents in 2013. Excluding associate income from ETI and the related funding costs, the group's organic DHEPS increased 12.3%. Economic profit (EP) was ZAR 2,112 million against ZAR 2,114 million in 2013 was achieved against a higher cost of equity of 13.5%. Return on average ordinary shareholders' equity (ROE) increased to 15.8% against 15.6% in 2013 and ROE excluding goodwill was 17.2% against 17.2% in 2013, supported by a higher return on assets (ROA) of 1.27% against 1.23% in 2013. The company reported interest and similar income of ZAR 52,619 million compared to the ZAR 46,087 million for the same period year ago. Net interest income was ZAR 22,961 million against ZAR 21,220 million for the same period year ago. Operating income was ZAR 38,767 million against ZAR 35,016 million for the same period year ago. Profit from operations was ZAR 13,495 million against ZAR 11,946 million for the same period year ago. Profit before direct taxation was ZAR 13,656 million against ZAR 11,973 million for the same period year ago. Profit attributable to equity holders of the parent was ZAR 9,796 million or 2,049 cents per diluted share against ZAR 8,637 million or 1,822 cents per diluted share for the same period year ago. Return on total assets was 1.27% against 1.23% a year ago. Cash flows from operating activities were ZAR 5,818 million against ZAR 12,156 million for the same period a year ago.

 

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