Nedbank Group Ltd (OTCPK:NDBKF)
$ 18.673 0 (0%) Market Cap: 7.59 Bil Enterprise Value: 7.59 Bil PE Ratio: 8.88 PB Ratio: 1.16 GF Score: 80/100

Half Year 2021 Nedbank Group Ltd Earnings Call Transcript

Aug 11, 2021 / 02:00PM GMT
Release Date Price: $11.11
Michael William Thomas Brown
Nedbank Group Limited - Chief Executive & Executive Director

Good afternoon, and welcome to everybody. In my overview section today, I will cover the operating environment in the first half of the year, which, while still being difficult, was materially better than the first half of last year. Developments around the recent unrest in parts of KwaZulu Natal and Gauteng and their likely impact on our country, the economy, our clients and Nedbank. Financial highlights of our first half performance and an update on the strategic progress we continue to make in key areas. I believe these interim results demonstrate that the Nedbank teams have done an outstanding job of navigating the COVID environment into 2020 and into the first half of 2021.

And the highlight is that all key balance sheet metrics on capital and liquidity are now back above pre-COVID levels. Our results also demonstrate good strategic delivery and an income statement performance that shows we are on track to meet the targets we have set ourselves for the end of 2023. I would like to thank all our

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