- CEO
- Jason Patrick Quinn
- Full Time Employees
- 29,150
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 135 Rivonia Road Sandton GT South Africa 2196
- IPO Date
- Aug 3, 2012
- Business
- Nedbank Group Limited (NDBKF) is one of Africa's largest financial services groups, providing wholesale and retail banking, insurance, asset management and wealth management services through its four frontline business clusters: Nedbank Corporate and Investment Banking (CIB), Nedbank Personal and Private Banking (PPB), Nedbank Business and Commercial Banking (BCB), and Nedbank Africa Regions (NAR). CIB offers a full suite of wholesale banking solutions, including investment banking and corporate lending, global markets and treasury, commercial-property finance, transactional banking, deposit-taking products and services as well as asset management to corporates, financial institutions, state-owned entities and governments across Africa; BCB provides transactional banking, card and payment solutions, lending solutions, deposit-taking services, risk management, investment products, fleet management and card-acquiring services to SMEs, commercial and mid-corporate clients; PPB delivers transactional accounts, home loans, vehicle and asset finance, card services, personal loans, investments, insurance and comprehensive wealth management to individual clients across youth, entry-level, mass, middle, affluent and high-net-worth segments as well as entrepreneurs and start-up small businesses; and NAR supplies transactional, lending, deposit-taking services, card products, selected wealth management and insurance offerings in five SADC countries (Namibia, Mozambique, Eswatini, Lesotho and Zimbabwe). The group operates primarily in South Africa with additional presence in Ghana, Kenya, the Isle of Man, Jersey, Guernsey, the United Kingdom and the United Arab Emirates.
Founded in 1888 as Nederlandsche Bank en Credietvereeniging in Amsterdam and headquartered at 135 Rivonia Road, Sandton, Johannesburg, South Africa, Nedbank Group serves over 7.6 million clients with total assets exceeding R1.4 trillion.
In recent developments, Nedbank Group completed a strategic organisational restructure effective 1 July 2025, repositioning its Retail and Business Banking and Wealth clusters into client-centred Personal and Private Banking and Business and Commercial Banking units to enhance client focus, revenue growth and productivity; entered a binding agreement to acquire 100% of fintech innovator iKhokha for approximately R1.65 billion to accelerate SME growth and digital innovation; sold its 21.2% stake in Ecobank Transnational Incorporated (ETI) to Bosquet Investments Limited for US$100 million following a strategic review; acquired Eqstra Investment Holdings to expand fleet management and services in southern Africa; and allocated a R12 billion excess capital war chest for African expansion targeting natural resources, renewable energy and East Africa diversification.