Nedbank Group reported a 2 percent rise in full-year headline earnings for the year ended December 31, 2025, supported by a decline in impairment charges, according to Reuters.
Headline earnings increased to 17.2 billion rand (about $1.07 billion), up from 16.9 billion rand a year earlier, as improved credit performance across its loan portfolio reduced the need for provisions against bad loans, Reuters reported. The lower impairment charge helped offset modest revenue growth in a constrained economic environment.
The South African lender said stronger asset quality and disciplined cost management underpinned the earnings performance, reflecting resilience despite broader macroeconomic pressures in South Africa’s banking sector.
The results highlight how improved credit conditions and prudent risk management contributed to profitability, even as economic growth remained subdued.
Image Source: reuters.com
