Share

Nedbank scoops global award

Cape Town - Leading global banking publication The Banker magazine has named Nedbank Group [JSE:NED] as the South African Bank of the Year for 2013 at a gala function in London on 28 November 2013.

The award recognises excellence in banking across the globe.

"The judges were particularly impressed by Nedbank's continuing efforts to boost its non-interest revenues, which grew 14% in the first nine months of 2013. This focus has seen the bank's valuation - based on its price to book ratio - rise relative to that of its peers in recent years and led to its share price increasing significantly in the year to date.

"The judges also commended the progress Nedbank has made in developing its integrated-channel approach, improving the ability of its customers to access banking services through electronic channels," said Paul Wallace, Africa editor of The Banker.

The award is even more noteworthy given the fact that South Africa was rated third in the world for "soundness of banks" and second for "availability of financial services" in the recent World Economic Forum’s Global Competitiveness Report.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.92
-0.1%
Rand - Pound
23.90
-0.0%
Rand - Euro
20.44
+0.1%
Rand - Aus dollar
12.35
+0.0%
Rand - Yen
0.13
-0.1%
Platinum
909.30
+1.4%
Palladium
1,015.00
+1.3%
Gold
2,220.40
+1.2%
Silver
24.86
+0.9%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders