Nedbank Group Limited (‘Nedbank Group’) is a bank holding
company, with its principal banking subsidiary being Nedbank
Limited. The company’s ordinary shares have been listed on the
Johannesburg Stock Exchange since 1969.
Nedbank Group is South Africa’s fourth largest banking group
measured by assets, with a strong deposit franchise, the second
largest retail deposit base, a client-centric wholesale and retail
franchise and a substantial and growing bancassurance and wealth
management offering. The group offers a wide range of wholesale and
retail banking services through five main business clusters, namely
Nedbank Capital, Nedbank Corporate, Nedbank Business Banking,
Nedbank Retail and Nedbank Bancassurance and Wealth (the cluster in
which Fairbairn Private Bank resides). Nedbank Group focuses on
southern Africa, with the group positioned as a bank for all – from
both a retail and a wholesale banking perspective.
The principal banking services offered by Nedbank Group comprise
business, corporate and retail banking, property finance,
investment banking, private banking, foreign exchange and
securities trading. Nedbank Group also generates income from
private equity, credit card issuing and processing services,
custodial services, unit trust administration, asset management
services and bancassurance.
Nedbank Group’s headquarters is in Sandton, Johannesburg, with
large operational centres in Durban and Cape Town which are
complemented by a regional branch network throughout South Africa
and facilities in other southern African countries. These
facilities are operated through Nedbank Group’s 9 subsidiary and/or
affiliated banks, as well as through branches and representative
offices in certain key global financial centres that serve to meet
international banking requirements of the group’s SA-based
multinational clients.
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