Nedbank Group Ltd - Company Profile
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Nedbank Group Ltd (Nedbank) is a South African banking group that offers financial products and services to retail, and commercial customers and public entities. Adequate capital and liquidity, improved cost efficiency and net interest margin are some of its strengths; even as relatively smaller market share could be a cause for concern. Growing markets for payments channels, short economic outlook and the emergence of FinTech companies in South Africa could offer ample growth opportunities to the company. However, risks related to online identity theft and hacking, risk of mortgage credit loss and emergence of neobanks could have an adverse effect on Nedbank’s business, operating results, and financial condition.
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