Nedbank Group Ltd 2007 AR2
The report highlights Nedbank Group's financial and sustainability performance for the 2007 fiscal year, during which the company successfully met its financial targets, achieving a 21.4% return on equity and a 54.9% efficiency ratio. The group made significant progress in transformation, with black staff representing 62.7% of the total workforce and black management increasing to 39.9%. Nedbank was recognized as the Emerging Markets Sustainable Bank of the Year for the Middle East and Africa by the Financial Times and was included in the JSE SRI Index for the fourth consecutive year. Additionally, the group expanded its retail distribution footprint, reduced retail bank fees by 19% over two years, and successfully implemented Basel II and the National Credit Act.
Company: Nedbank Group Ltd
Sector: Finance & insurance
Country: South Africa
Year: 2007
Type: AR2
Pages: 332
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Nedbank Group Ltd
Annual Report
The report highlights Nedbank Group's financial and sustainability performance for the 2007 fiscal year, during which the company successfully met its financial targets, achieving a 21.4% return on equity and a 54.9% efficiency ratio. The group made significant progress in transformation, with black staff representing 62.7% of the total workforce and black management increasing to 39.9%. Nedbank was recognized as the Emerging Markets Sustainable Bank of the Year for the Middle East and Africa by the Financial Times and was included in the JSE SRI Index for the fourth consecutive year. Additionally, the group expanded its retail distribution footprint, reduced retail bank fees by 19% over two years, and successfully implemented Basel II and the National Credit Act.
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Document Details
Report Year
2007
Reporting Period
Jan 1, 2007 - Dec 31, 2007
Fiscal Year
2007
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women in Management
Employees