Edition:
India

Nedbank Group Ltd (NEDJ.J)

NEDJ.J on Johannesburg Stock Exchange

25,205.23ZAc
22 Mar 2019
Change (% chg)

210.23 (+0.84%)
Prev Close
24,995.00
Open
25,300.00
Day's High
25,518.00
Day's Low
24,813.00
Volume
1,433,046
Avg. Vol
1,479,477
52-wk High
31,650.00
52-wk Low
22,358.00

Latest Key Developments (Source: Significant Developments)

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

Nedbank Group's Performance For Three Months To 31 March 2018 In Line With Management Expectations
Monday, 30 Apr 2018 

April 30 (Reuters) - Nedbank Group Ltd ::NEDBANK GROUP'S PERFORMANCE FOR THREE MONTHS TO 31 MARCH 2018 WAS IN LINE WITH MANAGEMENT EXPECTATIONS.  Full Article

Old Mutual says may launch small IPO for Old Mutual Wealth
Thursday, 25 May 2017 

May 25 (Reuters) - Jse: Oml - Old Mutual Plc Annual General Meeting :Old mutual plc chief executive bruce hemphill said.  Full Article

South Africa's Old Mutual sells all 5.5 mln shares in Nedbank

JOHANNESBURG, Oct 18 South Africa's Old Mutual Ltd said on Thursday it sold all 5.5 million shares in Nedbank Group Ltd to select institutional investors, marking the final step in the spinning-off of the unit.