African dreams for Nedbank as earnings soar
NEDBANK, South Africa’s fourth-largest lender, said its full-year earnings rose by as much as 28 per cent, boosted by higher non-interest revenues and a better-performing retail unit.
The bank, majority owned by insurer Old Mutual, said it expects to report a 23 to 28 per cent increase in diluted headline earnings per share for the year to the end of December. It will post full-year results this month.