Nedbank’s headline earnings improved by 14.5% to R13.5 billion in the year to 31 December 2018, the company reported on Tuesday.
Diluted headline earnings per share is up 13.7% to R27.36 while headline earnings per share increased 13.9% to R27.93.
The bank has 7% more customers than a year ago, growing its market share from 12.7% to 13.1%.
Nedbank employs 31 277 people.
During 2018, Nedbank concluded its “managed separation” from Old Mutual.
The Money Show’s Bruce Whitfield interviewed Mike Brown, CEO at Nedbank Group.
Listen to the interview in the audio below (and scroll down for quotes from it).
Growth remains the single largest challenge facing our country… It feels like we’re at the early stages of an institutional and political recovery…
— Mike Brown, CEO - Nedbank Group
We know the consumer is under pressure… growth has to come from the corporate sector…
— Mike Brown, CEO - Nedbank Group
We have 604 branches... We think our points of presence will remain roughly around 600… The size of each branch is reducing…
— Mike Brown, CEO - Nedbank Group
Our belief is that 2019 will be better than 2018… but only slightly…
— Mike Brown, CEO - Nedbank Group
We’ve done enormous damage to our economy and institutions in the last 10 years…
— Mike Brown, CEO - Nedbank Group
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Read More
The new billionaire is not the person with a billion rand, but the person who can touch a billion people’s lives, says Scott.
Devin Shutte (Head of Investments at The Robert Group) shares his stock picks of the week with Bruce Whitfield on The Money Show.
Bruce Whitfield interviews News24 Editor Adriaan Basson, author of "Blessed by Bosasa - Inside Gavin Watson's State Capture Cult".
Cell C is in a losing race against MTN and Vodacom. Telkom is not going to let this one go, says TechCentral’s Duncan McLeod.
The Money Show’s Bruce Whitfield interviews Khoza about his attitude and beliefs about money (plus successes and failures, etc.).
The Money Show’s Bruce Whitfield interviews Old Mutual Emerging Markets head Peter Moyo.
Popular articles
Devin Shutte (Head of Investments at The Robert Group) shares his stock picks of the week with Bruce Whitfield on The Money Show.
Bruce Whitfield interviews News24 Editor Adriaan Basson, author of "Blessed by Bosasa - Inside Gavin Watson's State Capture Cult".
Energy expert Ted Blom says Andre de Ruyter has been appointed to execute the mandate of the government and unbundle Eskom.
![[WATCH] SABC reporter heading for danger during looting goes viral](https://cdn.primedia.co.za/primedia-broadcasting/image/upload/fl_progressive,q_80/c_fill,g_faces,h_148,w_233/cko7jbzctmakhlede3jk.jpg)
Khabazela shares tweets and Facebook posts that have gone viral.
![[WATCH] Dad comes up with genius 'trick' to get newborn baby to feed](https://cdn.primedia.co.za/primedia-broadcasting/image/upload/fl_progressive,q_80/c_fill,g_faces,h_148,w_233/xeh58y6quxywkyag0qqr.jpg)
Khabazela shares tweets and Facebook posts that have gone viral.
Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.
The economy is toast. Personal finance expert Warren Ingram shares 13 highly effective tips for making ends meet.
If you do things differently, it’s possible stop working far earlier than you ever thought possible, says Warren Ingram.
