NEDBANK GROUP
AT A GLANCE
Who we are
Nedbank Group Ltd is a bank holding company and
one of the four largest banking groups in South Africa
measured by assets, with a strong deposit franchise
and over six million customers. The bank is 52%
owned by the parent company, Old Mutual plc.
Financial highlights
What we do
Wholesale and retail banking services
Insurance
n Asset management
n Wealth management
n
n
Where we do it
South Africa, UK, Namibia, Malawi, Zimbabwe, Swaziland, Lesotho,
Angola, Kenya, Mozambique, Canada, Dubai, Isle of Man, Guernsey,
Jersey. In addition to the countries shown below, Nedbank has a pan-African
banking alliance with Ecobank Transnational Inc, providing clients with access
to 37 countries across Africa.
31 December
2013
2012
IFRS pre-tax AOP (Rm)
12,026
10,738
Net interest income (Rm)
21,220
19,680
Non-interest revenue (Rm)
19,361
17,324
Credit loss ratio (%)
1.06
1.05
Common equity Tier 1 ratio1 (%)
12.5
11.6
RoE (excl. goodwill) (%)
17.2
16.4
FY dividend per share declared (cents)
895
752
1 Calculated on a Basel III basis
Top leadership
Dr Reuel J Khoza
Non-executive Chairman
Reuel was appointed the non-executive Chairman of the group in May 2006.
He is also Chairman of Aka Capital (Pty) Ltd, and a non-executive director of
Nampak Ltd, Protea Group Ltd and Old Mutual plc. He is president of the Institute
of Directors and, in this capacity, served on the King II and King III Committees on
corporate governance. He is a founding director of the Black Management Forum
and the former Chairman of Eskom Holdings Ltd. Reuel is also the Chancellor of
the University of Limpopo.
Mike Brown
Chief Executive
Our vision and strategy
Our vision
To be Africa’s most admired bank by our employees, customers,
shareholders, regulators and communities.
Our strategy
We have made significant progress in delivering on our four key
strategic focus areas of repositioning Nedbank Retail, growing
NIR, implementing the portfolio tilt strategy and expanding
into Africa. We have now refined these to better reflect these
underlying drivers of our strategic growth strategy:
■ Client centred innovation
■ Growing our transactional banking franchise
■ Optimise to invest
■ Strategic Portfolio Tilt
■ Pan-African banking network.
Mike was an executive director of BoE Ltd and, after the merger between
Nedbank Ltd, BoE Ltd, Nedbank Investment Bank Ltd and Cape of Good Hope
Bank Ltd, was appointed Head of Property Finance at Nedbank Ltd. He was
appointed as the Chief Financial Officer of Nedbank Group in June 2004
and then as the Chief Executive in 2010.
Nedbank Executive
Mike Brown (Chief Executive), Graham Dempster (Chief Operating Officer),
Raisibe Morathi (Chief Financial Officer), Philip Wessels (Chief Risk Officer),
Thabani Jali (Chief Governance & Compliance Officer), Brian Kennedy (Nedbank
Capital), Mfundo Nkuhlu (Nedbank Corporate), Dave Macready (Nedbank
Wealth), Sandile Shabalala (Business Banking), Ciko Thomas (Consumer
Banking), Fred Swanepoel (Chief Information Officer), Trevor Adams (Balance
Sheet Management), Abe Thebyane (Human Resources), Thulani Sibeko
(Marketing, Communications and Corporate Affairs), John Bestbier (Strategic
Planning and Economics).
Non-Executive Directors
Dr Reuel Khoza, David Adomakoh, Thomas Boardman, Mustaq Enus-Brey,
Ian Gladman, Paul Makwana, Nomavuso Mnxasana, Joel Netshitenzhe,
Julian Roberts, Gloria Serobe, Malcolm Wyman.
Company history
1845
1953
Founded in South
Skandia launches in
Africa as the Mutual Colombia
Life Assurance Society
of the Cape of Good
Hope
1979
Skandia launches
in the UK
1986
1995
Acquired a majority Old Mutual Investment
stake in Nedbank, the Advisers established in
fourth largest bank in Boston, USA
South Africa
1999
Demutualised and
listed on LSE, JSE,
MSE, NSX and ZSE.
Moved headquarters
to London
2000
2006
Acquired United Asset Acquired Skandia
Management in US
2011
Sold US Life
2012
Sold Skandia
Nordic
2013
Acquired Oceanic Life
and P&C businesses in
Nigeria, Provident Life
Assurance in Ghana,
Faulu in Kenya and
an initial 36% stake
in Banco Unico in
Mozambique
Sold Skandia Poland
2014
Acquired Intrinsic
advisor network in
the UK*
Sold Skandia Germany
and Skandia Austria*
*Subject to completion
Our businesses
The following are the various clusters making up Nedbank Group’s core business:
Nedbank Capital
Investment banking, global markets and treasury solutions to institutional
and corporate clients.
Nedbank Corporate
Lending, deposit-taking, transactional banking and property finance to
SA corporates with a turnover > R700m pa.
Nedbank Business Banking
Commercial banking to small to medium-sized businesses with turnover of R10m
to R700m pa. Holistic offering for the business, business owners/households
and employees.
Nedbank Retail
A bank for all financial needs of individuals and small businesses with a turnover
< R10m pa. Transactional, card, lending, deposit-taking, risk management and
investment products/services.
Awards
South Africa Bank of the Year FT and The Banker Magazine 2013
Overall winner: 2012 Integrated Report Chartered Secretaries
Southern Africa and JSE Annual Report Awards 2013
n Leader in social responsibility banking African Banker Awards 2013
n Top CSI Company Sunday Times Top 100 Companies CSI Awards 2013
n
n
Share listing
Our principal banking subsidiary is Nedbank Ltd. Our ordinary shares have been
listed on JSE Ltd since 1969 and on the Namibian Stock Exchange since 2007
and we had a market capitalisation of over R107,2 billion at 31 December 2013.
Old Mutual plc is the majority shareholder.
Company information
Nedbank Group Limited, 135 Rivonia Road, Sandown, 2196, South Africa
Telephone: +27 (0) 11 294 4444
Website: www.nedbankgroup.co.za
Nedbank Wealth
Insurance, asset management and wealth management, with offices in SA,
London, Isle of Man, Jersey, Guernsey and in the Middle East.
Contacts
Core brand
Investor relations enquiries
[email protected]
Patrick Bowes
Dominic Lagan
+44 (0) 20 7002 7440 +44 (0) 20 7002 7190
[email protected]
Alfred Visagie
+27 (0)11 295 6249
Responsible business
We are highly involved in the communities in which we operate as well as
the natural environment. The Nedbank Foundation provides ongoing support
of projects and interaction with a wide variety of non-profit and governmental
organisations. We also have Environmental/Sustainability partnerships with
the World Wide Fund for Nature SA, Cambridge Programme for Sustainability
Leadership, Sustainability Institute and the United Nations Environment
Programme Finance Initiative.
Nedbank values
Accountability
Integrity
Respect
Pushing beyond boundaries
People-centred
Updated: April 2014