Nedbank Group 2021 financial performance
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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).
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).
