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10 Things you should know about Nedbank Group
Nedbank Group is a brand founded by Nedbank Group. Here are 10 Things you should know about Nedbank Group.
- Nedbank Group is a financial services group in South Africa offering wholesale and retail banking services as well as insurance, asset management, and wealth management.
- Nedbank Limited is a wholly owned subsidiary of Nedbank Group.
- Nedbank’s primary market is South Africa.
- Nedbank also operates in six other countries in the Southern African Development Community (SADC), through subsidiaries and banks in Eswatini, Lesotho, Malawi, Mozambique, Namibia and Zimbabwe, as well as offices in Angola and Kenya.
- Outside Africa, Nedbank has offices to provide international financial services for Africa-based clients in Guernsey, Isle of Man, Jersey, the United Kingdom and the United Arab Emirates.
- In 2014, Nedbank acquired an associate stake of 20% in Ecobank.
- The Nedbank-Ecobank Alliance is the largest banking network in Africa, with more than 2,000 branches in 39 countries..
- Market capitalization was ZAR125 billion as of June 2018.
- The bank was founded in 1888 in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika.
- In the same year, the bank opened an office in Church Street, Pretoria, South Africa.
