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Created before Nov 2016
Last update: 2016-08-30 15:33:40
Johan Frijns, BankTrack
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Nedbank Group Limited (‘Nedbank Group’) is a bank holding company that operates as one of the four largest banking groups in South Africa, with Nedbank Limited as their principal banking subsidiary. The bank was originally founded in 1888 in Amsterdam as the Nederlandsche Bank en Credietvereeniging ('Dutch Bank and Credit Union'). The bank expanded to South Africa in 1951 as the Netherlands Bank of South Africa Limited.
On 30 June 2016 the Nedbank Group controlled assets worth ZAR944,188 billion.
135 Rivonia Road
Gauteng 2196 Sandton
Mr. Michael William Thomas Brown |
Supplementary report; 2015 Global Reporting Initiative G4|
Consolidated financial statements 2015
listed on JSE Limited
Publicly listed at JSE stock exchange, the majority shareholder is Old Mutual Life Assurance Company Ltd., with 55.11% ownership of Nedbank Group Ltd.
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Voluntary initiativesNedbank has committed itself to the following voluntary standards:
Nedbank and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Nedbank adopted the Equator Principles in 2005.
Reporting on the Equator Principles
Nedbank reports annually on their implementation of the Equator Principles. The 2015 report can be found here.
Nedbank further reports on its portfolio of projects financed under the Equator Principles on the Equator Principles website, here.
Implementation and reporting
Nedbank is reporting on the implementation here.