ActiveThis profile is actively maintained
Send feedback on this profile
Download as PDF
Created before Nov 2016
Last update: 2016-08-30 15:33:40
Johan Frijns, BankTrack
Share this page:
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.
Related Dodgy Deals
Dodgy Deals map
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
BankTrack calls upon banks to Close the Gap on investment policies
Civil society groups call for bold steps forward with Equator Principles
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 must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Implementation and reporting
Nedbank is reporting on the implementation here.