Banking group’s profit for six months to end-June up by 9%
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 , a common profit measure in SA that excludes certain items, 11% to 1,525c.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an
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