- CEO
- Jason Patrick Quinn
- Full Time Employees
- 26,227
- Sector
- Finance
- Industry
- Regional banks
- Address
- 135 Rivonia Road Sandton GP South Africa 2196
- IPO Date
- Jul 1, 1992
- Business
- Nedbank Group Limited Nedbank Group Limited (NED.JO) is a Johannesburg Stock Exchange-listed bank holding company and one of Africa's largest financial services groups, providing wholesale and retail banking, insurance, asset management, and wealth management services through its four frontline clusters: Nedbank Corporate and Investment Banking, Nedbank Business and Commercial Banking, Nedbank Personal and Private Banking, and Nedbank Africa Regions. Nedbank Corporate and Investment Banking offers investment banking, corporate lending, global markets and treasury products, commercial-property finance, transactional banking, deposit-taking services, and asset management to corporates, financial institutions, state-owned entities, and governments across Africa; Business and Commercial Banking provides transactional banking, card and payment solutions, lending, deposit-taking services, risk management, investment products, fleet management via Eqstra, and card-acquiring services to South African SMEs, commercial, and mid-corporate clients; Personal and Private Banking delivers transactional accounts, home loans, vehicle and asset finance, card services, personal loans, investments, insurance, and comprehensive wealth management to individual clients from youth and entry-level to high-net-worth segments, including entrepreneurs and startups, with offshore offerings through Nedbank Private Wealth in South Africa, London, Jersey, the United Arab Emirates, and the Isle of Man; and Nedbank Africa Regions supplies full-service banking including transactional, lending, deposit-taking, card products, wealth management, and insurance in Namibia, Mozambique, Eswatini, Lesotho, and Zimbabwe. Founded in 1831 through the establishment of the Cape of Good Hope Bank and headquartered at 135 Rivonia Road, Sandton, Johannesburg, South Africa, the group operates primarily in southern Africa with representative offices in other African countries including Kenya, and global centers in London and Dubai for multinational and high-net-worth clients. Recent strategic developments include a July 2025 reorganization merging Retail and Business Banking and Nedbank Wealth into Personal and Private Banking and Business and Commercial Banking clusters to enhance client focus, growth, and productivity, while shifting asset management to Corporate and Investment Banking; an August 2025 agreement to acquire fintech iKhokha for R1.65 billion to bolster SME digital payments, cash advances, and business tools; an August 2025 agreement to sell its 21.2% stake in Ecobank Transnational Incorporated for US$100 million to refocus on owned operations in SADC and East Africa; and a commitment of R12 billion in excess capital announced in late 2024 for continental expansion targeting 20-40% non-South African profits by 2029 through sectors like renewables, infrastructure, mining, women-led SMEs, and wealth management in Kenya.