Nedbank is one of South Africa's "big four" full-service financial institutions (alongside FirstRand, Standard Bank and ABSA), offering traditional retail and commercial banking, as well as investment banking and wealth management. It has been majority owned since 1986 by what is now the UK-based pensions & insurance group Old Mutual. Like most of its rivals in South Africa, it also has operations in almost 40 other African markets, either directly or through a strategic alliance with separate company Ecobank. The business has deep roots dating back to its creation in the early 19th century as Cape of Good Hope Bank. However, as its current name still suggests it was later aligned more closely with South Africa's Dutch Boer community than with the British. Mike Brown is chief executive of Nedbank. Total income for 2016 was ZAR 45.4bn ($3.0bn). Nielsen estimated ad spend in South Africa of ZAR 477m ($32m) for 2016. Adbrands does not currently offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.
Who are the competitors of Nedbank? See Financial & Insurance Sector for more
Capsule checked 27th July 2017
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