Posted on :
29 Nov, 2012
29 Nov, 2012
Nedbank Group Limited operates as a bank holding company for Nedbank Limited and Imperial Bank Limited, which provide various wholesale and retail banking services in South Africa and internationally. It accepts current accounts, savings accounts, call and notice deposits, fixed deposits, cash management deposits, and negotiable certificates of deposit; and provides mortgages, installment credit, overdrafts, personal loans, and credit card borrowings to individuals, as well as to corporate, commercial, and public sectors.
Nedbank Group Limited is a bank holding company and one of the four largest banking groups in SA measured by assets, with a strong deposit franchise. Its principal banking subsidiary is Nedbank Limited. The company’s ordinary shares have been listed on JSE Limited since 1969 and on the Namibian Stock Exchange since 2007.
In Summary, the group offers a wide range of wholesale and retail banking services through four main business clusters, namely Nedbank Capital, Nedbank Corporate, Business Banking and Nedbank Retail. Nedbank Group focuses on southern Africa, with the group positioned to be a bank for all – both from a retail and wholesale banking perspective.
The company also offers business, corporate, and retail banking; property finance; investment banking; private banking; foreign exchange; and securities trading services, as well as provides private equity, credit card issuing and processing services, custodial services, unit trust administration, asset management services, and bancassurance. In addition, the company provides motor vehicle, property, professional, and supplier asset finance. As of December 31, 2008, Nedbank operated 444 bank branches, 1747 automated teller machines, and 374 self-service terminals in Africa. The company is headquartered in Sandton, South Africa.