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Created before Nov 2016
Last update: 2017-09-01 11:02:50
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. The bank offerswholesale and retail banking services as well as insurance, asset management and wealth management. On 30 June 2016 the Nedbank Group controlled assets worth ZAR 944.1 billion.
135 Rivonia Road
Gauteng 2196 Sandton
Mr. Michael William Thomas Brown |
Sustainability Review 2016|
Consolidated financial statements 2016
listed on JSE Limited
Publicly listed at JSE stock exchange, the majority shareholder is Old Mutual Life Assurance Company Ltd., with 53.32% 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 must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Nedbank is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Implementation and reporting
Nedbank is reporting on the implementation here.