Nedbank reports strong earnings, interim dividend jumps above pre-Covid levels.
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Nedbank has reported a 27% jump in headline earnings to R6.7 billion for the six months to end-June.
The jump was mostly driven by strong revenue growth of 11% to R30.5 billion, supported by a growing client base. Its credit loss ratio remained flat at 85 basis points from the previous year. The bank declared an interim dividend of 783 cents, up 81% year-on-year and back above the 2019 pre-pandemic half-year dividend.
Nedbank's return on equity increased to 13.6%, from 11.7% in June 2021.
The jump was mostly driven by strong revenue growth of 11% to R30.5 billion, supported by a growing client base. Its credit loss ratio remained flat at 85 basis points from the previous year. The bank declared an interim dividend of 783 cents, up 81% year-on-year and back above the 2019 pre-pandemic half-year dividend.
Nedbank's return on equity increased to 13.6%, from 11.7% in June 2021.
