Last 21,792
Change Today -96.00 / -0.44%
Volume 892.5K
NED On Other Exchanges
Symbol
Exchange
Johannesburg
OTC US
OTC US
Frankfurt
As of 11:00 AM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

nedbank group ltd (NED) Snapshot

Open
$21,760
Previous Close
$21,888
Day High
$22,095
Day Low
$21,687
52 Week High
07/30/14 - $24,550
52 Week Low
02/4/14 - $18,750
Market Cap
112.0B
Average Volume 10 Days
1.1M
EPS TTM
$20.24
Shares Outstanding
514.0M
EX-Date
09/8/14
P/E TM
10.8x
Dividend
$965.00
Dividend Yield
4.43%
Current Stock Chart for NEDBANK GROUP LTD (NED)

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nedbank group ltd (NED) Details

Nedbank Group Limited operates as the bank holding company for Nedbank Limited that provides wholesale and retail banking services principally in Southern Africa. The company offers retail banking products, such as transactional accounts, home loans, motor finance, cards, personal loans, and investments to individuals and small/micro businesses; and business banking products, including specialist finance, invoice discounting, transactional banking, card acquiring, and asset management, as well as personal-banking solutions to business owners and their employees. It also provides corporate banking solutions comprising structured property finance solutions to commercial, industrial, retail, and residential property developers, investors, and owner occupiers, as well as to listed property funds, partnerships, and affordable housing developments; corporate shared services; transactional banking services; and custodial and lending services to the investments industry. In addition, the company offers investment banking services that include advisory services comprising corporate finance, debt origination, and debt advisory services; debt financing solutions for infrastructure, energy, telecoms, mining, oil and gas, aircraft finance, export credit finance, acquisition and leveraged finance, global commodity finance, and securitization sectors; and private equity and alternative investments, as well as treasury and global market services. Further, it offers wealth management, fiduciary, stock broking and financial planning services; asset management services; and life and short-term insurance solutions, as well as insurance broking services. The company is headquartered in Johannesburg, South Africa. Nedbank Group Limited is a subsidiary of Old Mutual Life Assurance Company (South Africa) Limited.

30,061 Employees
Last Reported Date: 08/5/14

nedbank group ltd (NED) Top Compensated Officers

Chief Executive, Executive Director, Member o...
Total Annual Compensation: R18.6M
Chief Financial Officer, Executive Director, ...
Total Annual Compensation: R9.9M
Chief Operating Officer, Executive Director, ...
Total Annual Compensation: R12.4M
Managing Executive of Nedbank Capital
Total Annual Compensation: R16.4M
Managing Executive of Nedbank Corporate
Total Annual Compensation: R10.4M
Compensation as of Fiscal Year 2013.

nedbank group ltd (NED) Key Developments

Nedbank Group Limited Presents at Bank of America Merrill Lynch Emerging Markets Leaders Asia Corporate Day - Singapore, Sep-18-2014

Nedbank Group Limited Presents at Bank of America Merrill Lynch Emerging Markets Leaders Asia Corporate Day - Singapore, Sep-18-2014 . Venue: BAML Singapore Office, Level 14, 50 Collyer Quay OUE Bayfront, Singapore, Singapore. Speakers: Alfred Visagie, Head of Investor Relations, Brian Kennedy, Managing Executive of Nedbank Capital, Mfundo C. Nkuhlu, Managing Executive of Nedbank Corporate, Mike Brown, CEO.

Nedbank Group Limited Appoints Paul Hanratty as a Non-Executive Director

Nedbank Group Limited announced that Paul Hanratty has been appointed as a non-executive director of Nedbank and Nedbank Group with effect from August 8, 2014. Paul is an executive director and the Chief Operating Officer of Old Mutual plc.

Nedbank Group Limited Declares Interim Dividend for the Six Months Ended June 30, 2014, Payable on September 15, 2014; Announces Consolidated Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014

Nedbank Group Limited announced a gross interim dividend of 460 cents per ordinary share has been declared, payable to shareholders for the six months ended 30 June 2014. The dividend has been declared out of income reserves. The dividend will be subject to a dividend withholding tax rate of 15% (applicable in SA) or 69.0 cents per ordinary share, resulting in a net dividend of 391.0 cents per ordinary share, unless the shareholder is exempt from paying dividend tax or is entitled to a reduced rate in terms of an applicable double-tax agreement. The dividend is payable on September 15, 2014. Share certificates may not be dematerialized or rematerialized between September 8, 2014, and September 12, 2014, both days inclusive. The company announced consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported net interest income of ZAR 11,263 million against ZAR 10,309 million a year ago. Operating income was ZAR 18,410 million against ZAR 16,519 million a year ago. Profit from operations before non-trading and capital items was ZAR 6,398 million against ZAR 5,464 million a year ago. Profit before direct taxation was ZAR 6,408 million against ZAR 5,460 million a year ago. Profit from operations was ZAR 6,397 million against ZAR 5,460 million a year ago. Profit attributable to equity holders of the parent was ZAR 4,598 million against ZAR 3,910 million a year ago. Diluted earnings per share were 965 cents against 830 cents a year ago. Headline earnings were ZAR 4,599 million against ZAR 3,914 million a year ago. Diluted headline earnings per share increased 16.1% to 965 cents compared to 831 cents a year ago and diluted earnings per share 16.3% to 965 cents compared to 830 cents a year ago. Return on ordinary shareholders equity was 15.1% compared to 14.6% a year ago. Return on total assets was 1.22% compared to 1.15% a year ago. Cash flows utilised by operating activities were ZAR 4,639 million against cash flows from operating activities of ZAR 8,521 million a year ago. The company provided earnings guidance for the full year 2014. For the year, the company guidance for organic growth in diluted HEPS in 2014 to be greater than nominal GDP growth remains unchanged as communicated at the 2013 annual results presentation.

 

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