Nedbank Group Interim Results 2024
Strong financial performance in a difficult macroeconomic environment
The operating environment during the first 6 months of 2024 was challenging and economic activity remained weak, impacted by geopolitical uncertainty, high interest rates, persistent inflation and general uncertainty ahead of the national elections in South Africa (SA). Household finances remained under pressure as real incomes contracted and job prospects remained muted. Corporate activity was also weak on the back of the uncertain political and economic environment.”
Jason Quinn – Chief Executive
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Nedbank Group is one of South Africa’s four largest banks, with Nedbank Limited as their principal banking subsidiary.
They offer a wide range of wholesale and retail banking services, as well as other financial products, through their frontline clusters: Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth and Nedbank Africa Regions.
