Nedbank grew earnings 2% to 17.2 billion rand in 2025, hit 8 million clients, and advanced its Kenya acquisition.

Nedbank Group reported a 2% rise in headline earnings to 17.2 billion rand for the year ended December 2025, reaching a milestone of 8 million clients for the first time. The bank saw improved credit quality, with a lower impairment charge and declining credit loss ratio, while net interest income and non-interest revenue grew modestly. Digital engagement expanded, with a 9% increase in digitally active retail clients and rising transaction volumes. The bank advanced its acquisition of a 66% stake in Kenya’s NCBA Group, aiming to boost its African footprint. CEO Jason Quinn projected return on equity would exceed 15% in 2026 and reach around 17% long-term.