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Investment Idea: Nedbank - 11 September 2024
Manage episode 439361582 series 3581049
PSG Financial Services द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री PSG Financial Services या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
On 6 August 2024, Nedbank released its 1H24 results which were characterised by:
- Headline earnings increased 8% driven by non-interest revenue growth and lower impairments. However, total comprehensive income (which includes other comprehensive income) for the period declined by 26% as the share of losses in other comprehensive income from investments using the equity method (Ecobank investment) increased from R348 million to R1 117 million.
- Net interest income increased 2% driven by daily average interest-earning banking assets increasing 3%. The net interest margin decreased from 418 basis points to 413 basis points driven by pricing.
- Non-interest revenue increased by 7% driven by net commission and fee income increasing by 8% and net trading income increasing by 14%.
- Expenses increased by 8% due to staff costs increasing 8% due to 5% average annual increases and more expensive mix of employees.
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