Nedbank Ltd
Nedbank office in Johannesburg  

Nedbank logo

Nedbank Group Limited is one of the five largest banking groups in South Africa by assets and deposits. Nedbank Limited is the Group’s principal subsidiary. It offers wholesale and retail banking, insurance, asset management, internet banking and other services through four main business units: Corporate and Investment Banking, Retail and Business Banking, Nedbank Wealth and the Rest of Africa division. With more than 32,000 employees, the Group serves over 7.8 million customers through about 700 outlets, 4,050 ATMs, large operational centers in Durban and Cape Town as well as subsidiaries in Lesotho, Namibia, Malawi, Mozambique, Swaziland, Zimbabwe and representative offices in Angola and Kenya. Nedbank Wealth provides insurance and wealth management solutions to high-net-worth individuals through offices in South Africa, London, Isle of Man, Jersey, Guernsey and the UAE. Nedbank was founded in 1888 and is headquartered in Sandton, Johannesburg. The company’s shares have been listed on the Johannesburg Stock Exchange since 1969 and on the Namibian Stock Exchange since 2007. In 2013, Nedbank acquired an initial stake of 36.4% in Banco Unico, the sixth largest full service bank in Mozambique. Old Mutual is Nedbank’s majority shareholder with 55% ownership. As of June 30, 2017, the Group had R965.8 billion (US$74 billion) in total assets, R762.7 billion in deposits and R295 billion in assets under management. As of October 20, 2017, the company's market capitalization was R107 billion.

Nedbank Major Shareholders

OMLACSA 53.32%
Nedbank treasury shares 3.33%
Public Investment Corp (PIC) 6.17%
Coronation Fund Managers 4.63%
Lazard Asset Management 3.33%
Investec Asset Management 2.30%
BlackRock 2.00%
Allan Gray 1.95%
Vanguard 1.55%
Dimensional Fund Advisors 1.47%

OMLACSA - Old Mutual Life Assurance Company (South Africa) Limited.

Head office address:
135 Rivonia Road
Sandown 2196
South Africa
Phone number: +27 8605 55111

Cape Town
Clocktower Precinct
V&A Waterfront
Cape Town 8001

London branch
Old Mutual Place
2 Lambeth Hill
London, EC4V 4GG, UK
Established in London in 1906, it is one of the oldest foreign banks in the city.