Below are the financial statements of Nedbank Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of ZAR | 2024 | 2023 |
|---|---|---|
| Interest and similar income | 125.02a | 116.92a |
| Interest expense and similar charges | -83.21a | -75.45a |
| Net interest income | 41.81a | 41.47a |
| Non-interest revenue and income | 30.41a | 27.71a |
| Net commission and fees income | 21.36a | 19.35a |
| Commission and fees revenue | 27.82a | 25.3a |
| Commission and fees expense | -6.46a | -5.95a |
| Net insurance income | 1.57a | 1.45a |
| Fair-value adjustments | 0.54a | 0.58a |
| Net trading income | 4.62a | 4.3a |
| Equity investment income | 0.69a | 0.76a |
| Investment income | 0.2a | 0.14a |
| Net sundry income | 1.43a | 1.14a |
| Share of gains of associate companies | 1.31a | 1.45a |
| Total net income before impairment charge on financial instruments | 73.53a | 70.63a |
| Impairments charge on financial instruments | -8a | -9.61a |
| Total net income | 65.53a | 61.02a |
| Total operating expenses | -41.07a | -38.06a |
| Indirect taxation | -1.08a | -1.13a |
| Impairments charge on non-financial instruments and other gains and losses | 0.16a | 0.4a |
| Profit before direct taxation | 23.22a | 21.43a |
| Total direct taxation | -4.75a | -4.43a |
| Direct taxation | -4.78a | -4.48a |
| Taxation on impairments charge on non-financial instruments and other gains and losses | -0.04a | -0.05a |
| Profit for the year | 18.47a | 17a |
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