Nedbank Group Ltd 2018 IR
The report details Nedbank Group's financial and sustainability performance for the fiscal year ended December 31, 2018. Despite a challenging macroeconomic environment in South Africa, the group delivered a resilient performance, with headline earnings increasing by 14.5% to R13.5bn and return on equity (excluding goodwill) improving to 17.9%. Key highlights include the successful completion of the managed separation from Old Mutual, achieving a Level 1 BBBEE contributor status, and exceeding R1 trillion in total assets for the first time. The company also advanced its digital transformation, growing digitally active retail clients to 1.5 million and launching several innovative products like MobiMoney and the Stokvel Account. Furthermore, Nedbank prioritized nine UN Sustainable Development Goals, aligning its commercial lending and operations to drive positive societal impact.
Company: Nedbank Group Ltd
Sector: Financials
Country: South Africa
Year: 2018
Type: IR
Pages: 100
Nedbank Group Ltd
Integrated Report
The report details Nedbank Group's financial and sustainability performance for the fiscal year ended December 31, 2018. Despite a challenging macroeconomic environment in South Africa, the group delivered a resilient performance, with headline earnings increasing by 14.5% to R13.5bn and return on equity (excluding goodwill) improving to 17.9%. Key highlights include the successful completion of the managed separation from Old Mutual, achieving a Level 1 BBBEE contributor status, and exceeding R1 trillion in total assets for the first time. The company also advanced its digital transformation, growing digitally active retail clients to 1.5 million and launching several innovative products like MobiMoney and the Stokvel Account. Furthermore, Nedbank prioritized nine UN Sustainable Development Goals, aligning its commercial lending and operations to drive positive societal impact.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Water Consumption
Employees