Nedbank office in Johannesburg  

Nedbank logo

Nedbank Group Limited is one of the five largest banking groups in South Africa by assets and deposits. It offers wholesale and retail banking, insurance products, asset management 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 31,900 employees, the Group serves 7.7 million customers through over 1,140 outlets, 3,840 ATMs, large operational centres in Durban and Cape Town as well as subsidiaries in Namibia, Malawi, Mozambique, Lesotho, Swaziland, Zimbabwe and representative offices in Angola and Kenya. Nedbank Wealth provides insurance and asset management as well as wealth management services 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 over 54% ownership. As of June 30, 2016, the Group had R944.2 billion (US$64 billion) in total assets, R741.7 billion (US$50 billion) in deposits and R256.325 billion (US$17.4 billion) in assets under management. As of September 30, 2016, the company's market capitalization was R112 billion.

Nedbank major shareholders

OMLACSA 54.05%
Nedbank treasury 3.54%
Coronation Fund Managers 6.85%
Public Investment Corp (PIC) 6.15%
Allan Gray 4.31%
Lazard Asset Management 3.16%
Dimensional Fund Advisors 1.61%
BlackRock 1.47%
GSIC 1.36%
Vanguard 1.27%

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

Head office address:
135 Rivonia Road
Sandown 2196
South Africa
Phone number: +27 (0) 11 294 4444

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.