Nedbank topline surges 21 percent

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NEDBANK Group (Nedbank) has reported a 21 percent increase in revenue for its Southern African Development Community (Sadc) operations, reaching R4,29 million in 2023. This growth was primarily driven by an expansion in net interest margin (NIM) and unrealised forex gains in Zimbabwe. During the same period, Nedbank’s Sadc operations experienced a significant 80% growth…