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Nedbank Group Ltd (NEDJ.J)

NEDJ.J on Johannesburg Stock Exchange

22,475.00ZAc
21 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Nedbank Announces Retirement Of Lead Independent Director Malcolm Wyman
Friday, 1 Mar 2019 08:00am EST 

March 1 (Reuters) - Nedbank Group Ltd ::BOARDS OF NEDBANK GROUP AND NEDBANK ANNOUNCE RETIREMENT OF MALCOLM WYMAN, LEAD INDEPENDENT DIRECTOR OF COMPANIES.MPHO MAKWANA WILL ASSUME ROLE OF LEAD INDEPENDENT DIRECTOR OF COMPANIES ON MALCOLM'S RETIREMENT.  Full Article

Nedbank Group Says Clients Of Allan Gray Proprietary Have Acquired Interest In Co
Wednesday, 14 Nov 2018 08:17am EST 

Nov 14 (Reuters) - Nedbank Group Ltd ::NEDBANK GROUP - RECEIVED FORMAL NOTIFICATION THAT CLIENTS OF ALLAN GRAY PROPRIETARY HAVE, IN AGGREGATE, ACQUIRED AN INTEREST IN ORDINARY SHARES.NEDBANK GROUP - TOTAL INTEREST IN ORDINARY SHARES OF CO HELD BY ALLAN GRAY'S CLIENTS NOW AMOUNTS TO 5.2989% OF TOTAL ISSUED ORDINARY SHARES.  Full Article

Nedbank Says PIC Owns A 10.39 Pct Stake In Co
Tuesday, 16 Oct 2018 03:00am EDT 

Oct 16 (Reuters) - Nedbank Group Ltd ::RECEIVED FORMAL NOTIFICATION PUBLIC INVESTMENT CORPORATION SOC ACQUIRED A BENEFICIAL INTEREST IN NEDBANK GROUP ORDINARY SHARES.TOTAL BENEFICIAL INTEREST IN NEDBANK GROUP HELD BY PIC AMOUNTS TO 10.391 PCT OF TOTAL ISSUED NEDBANK GROUP ORDINARY SHARES.  Full Article

Nedbank Group Forecasts HY HEPS Of 1350,5 Cents To 1405,4 Cents
Thursday, 26 Jul 2018 01:05am EDT 

July 26 (Reuters) - Nedbank Group Ltd ::SEES HY HEPS OF BETWEEN 1 350,5 CENTS AND 1 405,4 CENTS.SEES HY BASIC EPS OF BETWEEN 1 344,4 CENTS AND 1 399,0 CENTS.  Full Article

Portuguese Government Announces Shortlist Of Buyers For Mercantile Bank Holdings Ltd
Monday, 18 Jun 2018 03:58am EDT 

June 18 (Reuters) - MERCANTILE BANK: :PORTUGUESE GOVERNMENT APPROVED SHORTLIST OF FOUR POTENTIAL BUYERS TO PARTICIPATE IN SECOND PHASE OF SALE PROCESS OF MERCANTILE BANK HOLDINGS LTD.APPROVAL ALLOWS SALE PROCESS OF MERCANTILE BY CAIXA GERAL DE DEPÓSITOS, S.A. TO PROGRESS TO NEXT PHASE.CGD HAS RECEIVED 18 NON-BINDING OFFERS FOR MERCANTILE.POTENTIAL BUYERS INCLUDE CONSORTIUM COMPRISING ARISE B.V. AND GRINDROD BANK LTD, CAPITEC BANK, NEDBANK GROUP.POTENTIAL BUYERS ALSO INCLUDE CONSORTIUM COMPRISING PUBLIC INVESTMENT CORPORATION SOC AND BAYPORT FINANCIAL SERVICES (PTY) LIMITED.  Full Article

Nedbank Says For Three Months To 31 March 2018 Net Interest Income Grew At Low- To Mid-Single-Digit Levels
Thursday, 10 May 2018 02:00am EDT 

May 10 (Reuters) - Nedbank Group Ltd ::UPDATE ON NEDBANK GROUP'S PERFORMANCE FOR THREE MONTHS TO 31 MARCH 2018 AND PILLAR 3 BASEL III CAPITAL ADEQUACY, LEVERAGE AND LIQUIDITY RATIOS AT 31 MARCH 2018.NET INTEREST INCOME GREW AT LOW- TO MID-SINGLE-DIGIT LEVELS FOR THREE MONTHS TO 31 MARCH 2018.NET INTEREST MARGIN (NIM) FOR PERIOD WIDENED AHEAD OF FULL-YEAR 2017 LEVEL OF 3,62%.EARNINGS GUIDANCE FOR 2018 REMAINS SAME AS ANNOUNCED ON 2 MARCH 2018,.QUARTER CREDIT LOSS RATIO, INCREASED IN LINE WITH EXPECTATIONS AND WAS SLIGHTLY BELOW LOWER END OF OUR 60 TO 100 BPS THROUGH--CYCLE TARGET RANGE.QUARTER NON-INTEREST REVENUE GREW JUST ABOVE MID-SINGLE-DIGIT LEVELS.QTRLY COMMON-EQUITY TIER 1 RATIOS OF 12,5% (DECEMBER 2017: 12,6%).GUIDANCE FOR GROWTH IN DILUTED HEPS FOR 2018 IS TO BE IN LINE WITH MEDIUM-TO-LONG-TERM TARGET OF GREATER THAN OR EQUAL TO GDP PLUS CPI PLUS 5%.  Full Article

Nedbank Group Posts FY ‍Headline Earnings Of 11.8 Bln Rand, Up 2.8 Pct​
Friday, 2 Mar 2018 12:05am EST 

March 2 (Reuters) - Nedbank Group Ltd ::FY ‍HEADLINE EARNINGS OF R11,8BN, UP 2,8%​.‍GUIDANCE FOR GROWTH IN DILUTED HEADLINE EARNINGS PER SHARE FOR 2018 IS TO BE IN LINE WITH OUR MEDIUM-TO-LONG-TERM TARGET​.FY ‍DHEPS INCREASED 2.4% TO 2,406 CENTS AND HEPS ROSE 2.2% TO 2,452 CENTS​.‍FINAL DIVIDEND OF 675 CENTS WAS DECLARED, AN INCREASE OF 7.1%​.‍CET1 AND TIER 1 CAPITAL RATIOS OF 12.6% AND 13.4% AT DEC. 31​.‍FY NET INTEREST INCOME INCREASED 4.5% TO R27,624M​.‍FY NET INTEREST MARGIN EXPANSION OF 8 BPS TO 3.62%​.FY ‍IMPAIRMENTS CHARGE ON LOANS AND ADVANCES DECREASED BY 27.5% TO R3,304M​.FY NON-INTEREST REVENUE GROWTH OF 2.4% TO R24,063M​.‍FY DEPOSITS GREW 1.3% TO R771.6 BILLION​.‍FY LOANS AND ADVANCES INCREASED BY 0.5% TO R710.3 BILLION​.‍DURING YEAR REDUCED HEADCOUNT BY 859​.‍FULL YEAR 2018 NIM TO BE SLIGHTLY ABOVE 2017 LEVEL OF 3.62%​.‍FOR 2018, NIR TO GROW ABOVE MID-SINGLE DIGITS​.‍FULL YEAR 2018 CLR TO INCREASE INTO BOTTOM HALF OF OUR TARGET RANGE OF 60 TO 100 BPS​.FOR 2018, ASSOCIATE INCOME TO BE POSITIVE (ETI ASSOCIATE INCOME REPORTED QUARTERLY IN ARREAR) AND EXPENSES TO INCREASE BY MID-SINGLE DIGITS​.‍FULL YEAR 2018 AVERAGE INTEREST-EARNING BANKING ASSETS TO GROW IN LINE WITH NOMINAL GDP​.‍SET 2020 TARGETS OF ROE (EXCLUDING GOODWILL) OF GREATER THAN OR EQUAL TO 18% AND COST TO INCOME OF LOWER THAN OR EQUAL TO 53%​.  Full Article

Nedbank Group and Deutsche Bank to cooperate on equity and debt capital markets in South Africa and sub-Saharan Africa
Friday, 6 Oct 2017 02:00am EDT 

Oct 6 (Reuters) - Nedbank Group Ltd ::‍NEDBANK GROUP AND DEUTSCHE BANK TO COOPERATE ON EQUITY AND DEBT CAPITAL MARKETS IN SOUTH AFRICA & SUB-SAHARAN AFRICA​.‍TWO INSTITUTIONS WILL COOPERATE ON TRANSACTION-BY-TRANSACTION BASIS, WITH CLIENTS CONTINUING TO CONTRACT DIRECTLY WITH EACH ENTITY INDIVIDUALLY.  Full Article