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Nedbank writes off Namibian home loans – News Stand

Summary by observer24.com.na
Chamwe Kaira  Nedbank Group’s results for the six months ending June 30 revealed a 77% increase in impairments, totalling N$184 million.  This rise was driven by write-offs in Namibia’s retail home loan portfolio, impairment reviews in Eswatini, and a downgrade in Mozambique’s sovereign debt ratings. Nedbank also extended its intelligent depositor device rollout across Eswatini, Lesotho, Namibia, and Zimbabwe, now offering cash recycling capabili
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observer24.com.naobserver24.com.na

Nedbank writes off Namibian home loans – News Stand

Chamwe Kaira  Nedbank Group’s results for the six months ending June 30 revealed a 77% increase in impairments, totalling N$184 million.  This rise was driven by write-offs in Namibia’s retail home loan portfolio, impairment reviews in Eswatini, and a downgrade in Mozambique’s sovereign debt ratings. Nedbank also extended its intelligent depositor device rollout across Eswatini, Lesotho, Namibia, and Zimbabwe, now offering cash recycling capabili

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observer24.com.na broke the news in on Thursday, August 7, 2025.
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