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Africa: Nedbank Earnings Rise 2 Percent After Ecobank Exit and Transnet Settlement

Summary by allAfrica
Nedbank Group reported a 2% increase in headline earnings to R17.2 billion for the year ended Dec. 31, 2025, as it completed the sale of its Ecobank stake and settled a dispute with Transnet.

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At the end of a 2025 year marked by the historic divestiture of its stake in Ecobank, the South African banking group Nedbank announced a record net profit of 17.2 billion rands, or about $1.07 billion, compared to 16.9 billion rands in 2024. Diluted earnings per share increased from 3% to 3%.

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eNCA broke the news in on Tuesday, March 3, 2026.
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