Edition:
India

Nedbank Group Ltd (NEDJ.J)

NEDJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nedbank Group Says Both Group, Bank Remain Solidly Capitalised At Levels Well Above Regulatory Requirements
Friday, 27 Nov 2020 

Nov 27 (Reuters) - Nedbank Group Ltd ::JSE: NED - NBKP - NEDBANK GROUP AND NEDBANK LIMITED PILLAR 3 BASEL III DISCLOSURE AT 30 SEPTEMBER 2020.NEDBANK GROUP - BOTH GROUP AND BANK REMAIN SOLIDLY CAPITALISED AT LEVELS WELL ABOVE MINIMUM REGULATORY REQUIREMENTS.NEDBANK - GROUP'S TIER 1 CAPITAL POSITION WAS POSITIVELY IMPACTED BY ISSUANCE OF NEW-STYLE ADDITIONAL TIER 1 INSTRUMENTS OF R2,4BN DURING PERIOD.NEDBANK - GROUP'S TOTAL CAPITAL POSITION IMPACTED BY REDEMPTION OF NEW-STYLE TIER 2 CAPITAL INSTRUMENTS OF R2,2BN.NEDBANK GROUP - GROUP'S BASEL III LEVERAGE RATIO REMAINED AT 6,4% (SEPTEMBER 2019: 6,4%).NEDBANK GROUP - GROUP'S QUARTERLY AVERAGE LCR EXCEEDED REVISED MINIMUM REGULATORY REQUIREMENT OF 80% APPLICABLE IN Q3 2020.NEDBANK - HIGHER LCR OBSERVED IN CURRENT QUARTER VERSUS PREVIOUS QUARTER DUE TO NEDBANK'S RESPONSE TO PROACTIVELY INCREASE HQLA LIQUIDITY BUFFERS.  Full Article

Nedbank Group Sees FY HEPS, EPS To Decline By More Than 20% Compared To 12-Months Ended 31 Dec 2019
Thursday, 29 Oct 2020 

Oct 29 (Reuters) - Nedbank Group Ltd ::FINANCIAL PERFORMANCE OF GROUP IMPROVED IN Q3 2020 WHEN COMPARED TO Q2 2020.NET INTEREST INCOME (NII) GROWTH FOR 9M 2020 DECREASED FROM 1% GROWTH REPORTED FOR SIX MONTHS TO 30 JUNE 2020 (H1 2020).DECLINE IN NII IN Q3 2020 WAS LESS THAN WE EXPECTED BUT IS IN LINE WITH OUR FULL YEAR 2020 GUIDANCE RANGE OF BETWEEN 0% AND -5%.FULL-YEAR HEPS AND EPS ARE EXPECTED TO DECLINE BY MORE THAN 20% WHEN COMPARED TO 12-MONTH PERIOD ENDED 31 DECEMBER 2019.ROE FOR 9M 2020 INCREASED WHEN COMPARED TO 4,8% REPORTED IN H1 2020.NON-INTEREST REVENUE GROWTH FOR 9M 2020 DECREASED WHEN COMPARED TO DECLINE OF 5% REPORTED IN H1 2020.CURRENT GUIDANCE FOR ALL KEY 2020 PERFORMANCE METRICS, AS OUTLINED IN 2020 INTERIM RESULTS, REMAINS INTACT.  Full Article

Nedbank Group Reports HY Headline Earnings Per Share Of 1,411 Cents
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - Nedbank Group Ltd ::JSE: NED - NGL03 - UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019 - SHORT FORM.NEDBANK GROUP LTD - INTERIM DIVIDEND PER SHARE INCREASED BY 3,6% TO 720 CENTS PER SHARE..NEDBANK GROUP LTD - SA ECONOMY PERFORMED WORSE THAN EXPECTED IN FIRST SIX MONTHS OF 2019.NEDBANK GROUP LTD - FORECAST FOR SA GDP GROWTH FOR 2019 HAS BEEN REVISED DOWN FROM 1,3% TO 0,5%.NEDBANK GROUP LTD - GROUP'S FINANCIAL PERFORMANCE WAS RESILIENT AS HEADLINE EARNINGS INCREASED 2,6% TO R6,9BN AND WE PRODUCED AN ROE IN HY.NEDBANK GROUP LTD - HY DILUTED HEADLINE EARNINGS PER SHARE 1 411 CENTS, UP 3,7% (JUNE 2018: 1 361 CENTS).NEDBANK GROUP LTD - HY REVENUE R27 693M, UP 5,5% (JUNE 2018: R26 242M).  Full Article

Nedbank FY HEPS Up 13.9 Pct TO 2,793 Cents
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Nedbank Group Ltd ::JSE: NGL02 - NGL04 - PRELIMINARY AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018.NEDBANK GROUP LTD - FY INCREASE IN DHEPS OF 13,7% TO 2 736 CENTS AND AN INCREASE IN HEPS OF 13,9% TO 2 793 CENTS.NEDBANK GROUP LTD - FY NAV PER SHARE OF 17 559 CENTS INCREASED 3,3%.NEDBANK GROUP LTD - FY NII INCREASED 4,3% TO R28 819M.NEDBANK GROUP LTD - TOTAL DIVIDEND PER SHARE FOR YEAR INCREASED 10,1% TO 1 415 CENTS.NEDBANK GROUP LTD - FY NIM AT 3,65% INCREASED FROM 3,62% RECORDED IN 2017 AND IS IN LINE WITH GUIDANCE.NEDBANK GROUP LTD - FY IMPAIRMENTS INCREASED 11,6% TO R3 688M.NEDBANK GROUP LTD - FY CLR INCREASED 4 BPS TO 0,53%.NEDBANK GROUP LTD - FY LOANS AND ADVANCES INCREASED BY 3,7% TO R736,3BN.NEDBANK GROUP LTD - ADDITIONAL CREDIT FROM PRMA, WHICH WE PREVIOUSLY ANTICIPATED TO FINALISE IN SECOND HALF OF 2018, IS NOW EXPECTED IN 2019.NEDBANK GROUP LTD - CET1 RATIO OF 11,7% AT DEC. 31.NEDBANK GROUP LTD - TIER 1 CAPITAL RATIOS OF 12,5% AT DEC. 31.NEDBANK- FY DEPOSITS GREW 7% TO R825,8BN, TOTAL FUNDING-RELATED LIABILITIES INCREASING 7,1% TO R881,4BN, LOAN-TO-DEPOSIT RATIO IMPROVED TO 89,2%..NEDBANK GROUP LTD - GROWTH IN DILUTED HEADLINE EARNINGS PER SHARE FOR 2019 TO BE AT OR ABOVE NOMINAL GDP GROWTH.NEDBANK GROUP LTD - GUIDANCE FOR 2019 IS NIM TO BE BELOW 2018 LEVEL OF 3,65%.NEDBANK GROUP LTD - GUIDANCE FOR 2019 IS CLR TO INCREASE TO WITHIN BOTTOM END OF TARGET RANGE OF 60 TO 100 BPS.  Full Article