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Nedbank Group posts R8.4 billion headline earnings as strong H1 2026 performance beats projections
['Guest Contributor', 'Mandisa Rasmeni', 'News Service']
Namibia Economist
Nedbank Group reported headline earnings of R8.4 billion for the six months ended 30 June 2026, outperforming internal expectations set at the beginning of the year behind strong underlying operational growth.
When excluding the ETI base effect, diluted headline earnings per share (DHEPS) growth was very strong at 15%, reflecting a strong underlying operational performance.
“In 2025, we took bold steps to become more client-centred, unlock growth and diversify earnings,” said Jason Quinn, Nedbank Chief Executive.
Advances grew by 21%, while NIR increased by 12% on the back of strong client activity and higher commission and fee income.
Active Nedbank Money app clients increased by 13% to 3.2 million, supporting a 16% increase in transaction values.