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Nedbank Group Ltd (NEDJ.J)

NEDJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Old Mutual Completes Managed Separation Process With R43.2 Bln Distribution Of Nedbank Shares
1:45pm BST 

Sept 26 (Reuters) - Old Mutual::UNBUNDLING OF MAJORITY SHAREHOLDING IN NEDBANK TO SHAREHOLDERS, MARKING TOTAL DISTRIBUTION TO OLD MUTUAL SHAREHOLDERS WORTH R43.2 BILLION.COMPLETES MANAGED SEPARATION PROCESS WITH R43.2 BILLION DISTRIBUTION OF NEDBANK SHARES TO SHAREHOLDERS, R7 BILLION TO BE PAID IN DIVIDENDS.  Full Article

Nedbank Group Posts HY HEPS Of 1387 Cents
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Nedbank Group Ltd ::HY HEADLINE EARNINGS OF 6.7 BLN RAND, INCREASED 27 PCT.HY HEPS 1387 CENTS .GUIDANCE FOR GROWTH IN DILUTED HEADLINE EARNINGS PER SHARE FOR 2018 REMAINS UNCHANGED.SLOW REVENUE GROWTH AND A GRADUAL INCREASE IN IMPAIRMENTS WERE OFFSET BY GOOD COST MANAGEMENT IN HY.AS AT JUNE, 2018 CET1 RATIO 12.4 PERCENT VERSUS 12.3 PERCENT AT JUNE-END 2017.AS AT JUNE, 2018 LIQUIDITY COVERAGE RATIO 106.9 PERCENT VERSUS 104.6 PERCENT AT JUNE-END 2017.IMPAIRMENTS INCREASED 13.9 PCT TO 1,815 MLN RAND IN HY.LOANS AND ADVANCES INCREASED BY 0.4 PCT YOY TO 712.7 BLN RAND AS AT JUNE.HY NII INCREASED 3.4 PCT TO 14,006 MLN RAND.HY NIM EXPANSION OF 9 BPS TO 3.67 PCTHY NIM EXPANSION OF 9 BPS TO 3.67 PCT.GLOBAL ECONOMIC CONDITIONS REMAINED RELATIVELY ROBUST IN H1, DESPITE PERSISTENT GEOPOLITICAL TENSIONS AND ESCALATING TRADE DISPUTES.ESCALATING TRADE WAR, FASTER-THAN-EXPECTED NORMALISATION OF U.S. MONETARY POLICY STARTED TO HURT CAPITAL FLOWS TO EMERGING MARKETS IN Q2.SEES 2018 NIM TO BE SLIGHTLY ABOVE 2017 LEVEL OF 3.62 PCT.SEES 2018 AVERAGE INTEREST-EARNING BANKING ASSETS TO GROW BELOW NOMINAL GDP.SEES 2018 CLR TO INCREASE, BUT REMAIN BELOW BOTTOM OF OUR TARGET RANGE OF 60 TO 100 BPS.SEES 2018 NIR TO GROW ABOVE MID-SINGLE DIGITS.OVER PAST 18 MONTHS, REDUCED HEADCOUNT BY 1,154 (MAINLY THROUGH NATURAL ATTRITION).  Full Article

Nedbank Group's Performance For Three Months To 31 March 2018 In Line With Management Expectations
Monday, 30 Apr 2018 

April 30 (Reuters) - Nedbank Group Ltd ::NEDBANK GROUP'S PERFORMANCE FOR THREE MONTHS TO 31 MARCH 2018 WAS IN LINE WITH MANAGEMENT EXPECTATIONS.  Full Article

Old Mutual says may launch small IPO for Old Mutual Wealth
Thursday, 25 May 2017 

May 25 (Reuters) - Jse: Oml - Old Mutual Plc Annual General Meeting :Old mutual plc chief executive bruce hemphill said.  Full Article

UPDATE 1-Old Mutual shareholders to get $3.5 bln from Nedbank spin-off

JOHANNESBURG, Sept 26 South Africa's Old Mutual Ltd said on Wednesday its shareholders would get 50 billion rand ($3.5 billion) from the spin-off of a majority stake in Nedbank and dividends.