Nedbank Group will release its Group Full Year 2024 Results in Maseru on Tuesday next week.
The occasion will see the bank present its financial performance and standing in 2024. The presentations will be delivered by Nedbank Group Managing Africa Regions Managing Executive, Terence Sibiya, and Nedbank Lesotho Managing Director, Nkau Matete.
The bank delivered a strong first half performance ending June 2024 as Headlines Earnings (HE) increased by eight percent to M7.9 billion in a difficult operating environment.
Return on equity increased to 15.0 percent during the same period.
The increase in the HE was underpinned by good non-interest revenue (NIR) growth, a lower impairment charge and targeted expense management, partially offset by muted net interest income (NII) growth and lower associate income.
