Nedbank Limited. JSE: NBKP

Nedbank-P shares

Background of Nedbank Limited

  • Nedbank Limited is the principal subsidiary of the Nedbank Group – South Africa’s fourth largest banking group. The bank has its own primary listing on the Johannesburg Stock Exchange (JSE) through nonredeemable, non-participating, non-cumulative preference shares.

  • The bank’s history can be traced back to 1831 with the establishment of the Cape of Good Hope Bank in Cape Town. Today, Nedbank Limited’s operations include Corporate and Investment Banking, Retail and Business Banking, Wealth, Asset Management, Insurance and banking operations outside of South Africa.

  • The bank has subsidiaries and partnerships in Swaziland, Lesotho, Namibia, Malawi, Mozambique and Zimbabwe, as well as operations in London, Guernsey, Jersey, the Isle of Man and the United Arab Emirates.

  • Nebank Limited had a profit of R8.2 billion in 2015 and boasts a JSE market cap of R3.9 billion. Of late, Nedbank Limited shares have not yielded good returns for investors who buy them, with Nedbank Limited share price dipping from R11.50 in 2012 to R8.90 by September 2016.

Nedbank Limited Shares Growth Driver

  • Despite difficult conditions for the banking industry in South Africa, Nebank Limited has managed a steady performance, increasing its profits by around R200 million in 2015. However, total shareholders’ return and dividends both dropped by 20% in line with the deterioration of macroeconomic conditions in South Africa. In order to sustain growth, the bank has decided to buy into a number of structural and system changes to become more efficient and less complex. Most significant of these was the establishment of Nebank Corporate and Investment Banking, which allows the bank to better service its wholesale clients and enable more efficient back office processes. Similar back office optimisation and rationalisation took place in the Retail and Business Banking division. These two clusters represent 89% of headline earnings.

  • Increased capital investment in retail banking resulted in number of clients growing by 8.5%. Five key areas will be focused on to grow this important division, including online innovation, process, distribution, loyalty and rewards and winning client value propositions.

  • Other areas of focus for the bank will include expansion of the group’s market-leading renewable energy position, leveraging growth opportunities in the rest of
    Africa, managing cost efficiencies, upgrading IT systems and accelerating the digital experience programme.

Nedbank Limited Group Investor Tip

  • Going forward, the forecast risk for the bank and investors who buy Nedbank Limited shares going forward remains elevated, with the group predicting that headline earnings growth will be lower than in the past. Investment in growth opportunities and innovation have been identified as factors which will allow the group to remain relevant, with the ultimate measure of success hinges on the ability to adapt the business to a sluggish economic environment. As with most banking stocks, Nebank Limited share price has not had a good run on the JSE, but the bank is large and resilient enough to weather the storm and retain confidence to buy the shares.

Nedbank Limited Major Shareholders

Coronation Asset Managers, Nedgroup Private Wealth, Sanlam Investment Management, Investec Asset Management, Stanlib Asset Management.

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How to buy Nedbank Limited Group Shares

  • Nedbank Limited : How to buy Nedbank Limited Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Nedbank Limited Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Nedbank Limited Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Nedbank Limited Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Nedbank Limited Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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