Nedbank says its charge for bad debts and impairments should remain within the targeted band for the rest of the year despite a sharp increase for the six months ending June. 

The country’s fourth-largest bank by assets revised GDP growth downwards from 1.3% to 0.5% at the same time as its saw its credit loss ratio rise sharply from 53 basis points (0.53%) in the prior corresponding period to 70 basis points (0.70%) for the six months to June 2019...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now