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Nedbank H1 2026: profit just above expectations, stock rises 6.3%
Nedbank reports diluted adjusted earnings per share up 2% in H1 2026, while adjusted profit is flat overall (+12% excluding the ETI sale). Net interest income rose 4%, non‑interest revenue increased 10% and costs grew only 3%, bringing the cost‑to‑income ratio down to 56.2%. The credit loss ratio rose to 95 basis points, above guidance; CET1 ratio is 12.6% and ROE 15% (13.6% adjusted). Nedbank confirmed its medium‑term targets (ROE target 17%), will pay an interim dividend of 10.52 ZAR and is advancing the takeover of NCBA in East Africa; the stock reacted with a 6.3% jump. » More on de.investing.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | June 2026 | YoY |
|---|---|---|
| Revenue | 4.54bn | - |
| Gross profit | 2.07bn | - |
| Net profit | 495.29m | - |
| EBITDA | 666.53m | - |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €7.4bn |
Number of shares | 456.9m |
52-week high/low | €17.54 - €12.11 |
Dividend yield | 7.00% |
Dividends TTM | €1.13 |
Beta | 0.77 |
P/E ratio | 15.28 |
PEG ratio | -0.34 |
P/B ratio | 1.16 |
P/S ratio | 0.83 |
Company profile
Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally. It offers personal banking solutions, including savings deposits and investment accounts; home and personal loans, student loans, vehicle finance products, private wealth finance solutions, overdrafts, short term loans, and credit cards; and investment plans and services, financial, and estate planning services, and wills and trust services, as well as professional banking, wealth management, non-resident and embassy banking, insurance, stock broking, and foreign exchange services. The company also provides business banking services, such as business accounts; call, fixed, and flexi deposits; loans and structured solutions; property, asset, and vehicle finance products; value added services; card and cash solutions; treasury solutions; cash management, electronic banking, and merchant payment and support services; life, asset, income and credit protection, funeral, business cover, liability cover, revenue cover, and owners' insurance products; asset management services; and commodities, equities, fixed income, and structured credit products. In addition, the company offers corporate banking services comprising aircraft, asset based, carbon, export credit, global commodity, infrastructure, energy, telecoms, leveraged, mining, oil and gas, private equity, and public sector finance; payments and receipts, documentary credits and collections, guarantees, and trade finance; structured solutions; corporate lending and advances; custodial services; corporate finance and debt advisory services; beta solutions; and corporate and institutional investments. Further, it provides transactional banking services. The company was formerly known as Nedcor Limited and changed its name to Nedbank Group Limited in 2005. Nedbank Group Limited was founded in 1831 and is headquartered in Sandton, South Africa.
| Name | Nedbank Group |
| CEO | Jason Patrick Quinn |
| Headquarters | Sandton,
gt South Africa |
| Website | |
| Sector | Financials |
| Industry | Banks |
| IPO | 04/01/2000 |
| Employees | 26,227 |
Deep Dive
Ticker symbols
| Exchange | Symbol |
|---|---|
Jnb | NED.JO |
Pnk | NDBKF |
Frankfurt | NCO.F |
DĂĽsseldorf | NCO.DU |
MĂĽnchen | NCO.MU |