Nedbank Group 2021 financial performance

Nedbank Group says it delivered a strong financial performance for the year ended December 2021 with headline earnings up by 115% to R11.7 billion from the prior period, but still 7% below 2019 levels. Headline earnings growth was driven by significantly lower impairments, a higher net interest margin, a recovery in non-interest revenue growth, disciplined expense management and a stronger financial performance from the group’s associate investment in Ecobank Transnational Incorporated (ETI). <a href="https://kaya959.co.za">Kaya 959</a>