15.7%

Finweek English Edition - - IN BRIEF -

The in­crease to R5.3bn in head­line earn­ings in the six months to end June re­ported by Ned­bank is partly thanks to an in­creas­ing con­tri­bu­tion from its 20% stake in panAfrican bank­ing group Ecobank, strong growth in non-in­ter­est in­come and a de­cline in bad debts. The re­sults, which beat mar­ket ex­pec­ta­tions, led to a 5% jump in Ned­bank’s share price on 4 Au­gust.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.