Nedbank’s robust earnings get boost from higher interest rates

Nedbank says its financial performance in the first 10 months of 2022 has been robust as higher interest rates boosted earnings from credit extension, while also flagging healthy capital levels that should support ongoing dividend payments to shareholders.

The group said in a pre-close investor update late on Monday that net interest income grew by “low double digits” while non-interest revenue growth was in the “high single digits” in the 10 months to end-October...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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