In the medium term, it is focused on delivering an ROE of around 17% in 2028, “underpinned by stronger revenue growth and continued operational efficiency gains”. That translates into keeping revenue growth ahead of cost growth, while also replacing the earnings lost after selling its Ecobank stake and successfully integrating NCBA. ADVERTISEMENT: CONTINUE READING BELOWNedbank’s credit loss ratio increased to 95 basis points from 81 basis points the previous year. “The group credit loss ratio remains within Nedbank’s 60 basis points to 100 basis points through-the-cycle range, but it is now close to the top end and was worse than expected.” Higgins says most of the pressure came from Personal & Private Banking, where the credit loss ratio rose to 205 basis points.