Nedbank lifts profit despite increase in bad loans
08 August 2023 - 08:20
Nedbank lifted profit by nearly a tenth as it benefited from higher interest rates, but there was an increase in the number of bad loans.
The banking group, valued at about R111.5bn on the JSE, reported in its results for the six months to end-June that profit for the period rose 9% to R8.1bn and headline earnings per share (Heps), a common profit measure in SA that excludes certain items, 11% to 1,525c...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.