Nedbank publishes transcript of 2026 interim results presentation
Reuters2026/08/04 15:25- Nedbank released the transcript of its 2026 interim results presentation, attended by CEO Jason Quinn, COO Mfundo Nkuhlu, CFO Mike Davis.
- Interim dividend set at 1,052 cents per share; CET1 ratio 12.6%; ROE 15%; DHEPS up 2% despite flat headline earnings.
- Offer for effective control of Kenya’s NCBA accepted, securing a targeted 66% stake; completion expected end-Q3 or early Q4 2026.
- NCBA deal to issue about 43 million new ordinary shares; cash payment about KES 23 billion or ZAR 3 billion; NCBA shareholders to hold just over 8%.
- 2026 credit loss ratio guidance lifted to mid-80 bps from mid-70s; H1 credit loss ratio 95 bps driven by higher PPB impairments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.
EdiliziAcrobatica announces shareholder meeting notice
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Crypto prices
More
