Edition:
India

Nedbank Group Ltd (NEDJ.J)

NEDJ.J on Johannesburg Stock Exchange

10,486.00ZAc
3 Jul 2020
Change (% chg)

-23.00 (-0.22%)
Prev Close
10,509.00
Open
10,700.00
Day's High
10,755.00
Day's Low
10,325.00
Volume
1,089,945
Avg. Vol
3,176,465
52-wk High
25,561.00
52-wk Low
6,730.00

Latest Key Developments (Source: Significant Developments)

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

Old Mutual Completes Managed Separation Process With R43.2 Bln Distribution Of Nedbank Shares
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Old Mutual::UNBUNDLING OF MAJORITY SHAREHOLDING IN NEDBANK TO SHAREHOLDERS, MARKING TOTAL DISTRIBUTION TO OLD MUTUAL SHAREHOLDERS WORTH R43.2 BILLION.COMPLETES MANAGED SEPARATION PROCESS WITH R43.2 BILLION DISTRIBUTION OF NEDBANK SHARES TO SHAREHOLDERS, R7 BILLION TO BE PAID IN DIVIDENDS.  Full Article

Nedbank Group Posts HY HEPS Of 1387 Cents
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Nedbank Group Ltd ::HY HEADLINE EARNINGS OF 6.7 BLN RAND, INCREASED 27 PCT.HY HEPS 1387 CENTS .GUIDANCE FOR GROWTH IN DILUTED HEADLINE EARNINGS PER SHARE FOR 2018 REMAINS UNCHANGED.SLOW REVENUE GROWTH AND A GRADUAL INCREASE IN IMPAIRMENTS WERE OFFSET BY GOOD COST MANAGEMENT IN HY.AS AT JUNE, 2018 CET1 RATIO 12.4 PERCENT VERSUS 12.3 PERCENT AT JUNE-END 2017.AS AT JUNE, 2018 LIQUIDITY COVERAGE RATIO 106.9 PERCENT VERSUS 104.6 PERCENT AT JUNE-END 2017.IMPAIRMENTS INCREASED 13.9 PCT TO 1,815 MLN RAND IN HY.LOANS AND ADVANCES INCREASED BY 0.4 PCT YOY TO 712.7 BLN RAND AS AT JUNE.HY NII INCREASED 3.4 PCT TO 14,006 MLN RAND.HY NIM EXPANSION OF 9 BPS TO 3.67 PCTHY NIM EXPANSION OF 9 BPS TO 3.67 PCT.GLOBAL ECONOMIC CONDITIONS REMAINED RELATIVELY ROBUST IN H1, DESPITE PERSISTENT GEOPOLITICAL TENSIONS AND ESCALATING TRADE DISPUTES.ESCALATING TRADE WAR, FASTER-THAN-EXPECTED NORMALISATION OF U.S. MONETARY POLICY STARTED TO HURT CAPITAL FLOWS TO EMERGING MARKETS IN Q2.SEES 2018 NIM TO BE SLIGHTLY ABOVE 2017 LEVEL OF 3.62 PCT.SEES 2018 AVERAGE INTEREST-EARNING BANKING ASSETS TO GROW BELOW NOMINAL GDP.SEES 2018 CLR TO INCREASE, BUT REMAIN BELOW BOTTOM OF OUR TARGET RANGE OF 60 TO 100 BPS.SEES 2018 NIR TO GROW ABOVE MID-SINGLE DIGITS.OVER PAST 18 MONTHS, REDUCED HEADCOUNT BY 1,154 (MAINLY THROUGH NATURAL ATTRITION).  Full Article

BRIEF-Nedbank To Offer Temporary Rebate For Clients Having Overdraft Facility

* NEDBANK GROUP LTD - DURING MONTHS OF APRIL TO JUNE 2020, BANK WILL BE OFFERING CLIENTS THAT HAVE AN OVERDRAFT FACILITY A TEMPORARY REBATE.