This is how much Nedbank’s top executives earned in 2022, including CEO Mike Brown.
Nedbank published its annual report for 2022 in the second half of March 2023, showing how much its executives were paid – including CEO Mike Brown.
Return on equity increased to 14%, above the prior period of 12.5%, assisted by the group’s improved return on assets which increased from 0.98% to 1.14%. Given Nedbank’s strong 2022 performance, it has set revised medium-term and long-term targets, he added.“Over the longer term, we aim to improve these to above 18% and below 50%, respectively. Achieving these targets should be value-creating for shareholders,” said Brown.
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