Parent Company: Nedbank Group Limited
Brand Value: $810 million
Headquarter City: Johannesburg
Year on Year Change: -45%
Year Formed: 1888
Nedbank is one of South Africa’s Big Five banks, offering retail and business banking, wealth and asset management, and insurance services. Operating primarily in South Africa, it traces its roots to the establishment of the Cape of Good Hope Bank in 1831. Following a range of branding and structural changes common to the South African financial market, the Nedbank Group emerged in 2003. Nedbank is recognized as a leader for its governance and transparency, and has recently won the 2019 Banker Africa’s Southern Africa Awards for the Best Corporate Bank in South Africa.