Nedbank reveals customer growth
Financial services group, Nedbank, reported a rise in retail customers to 6.65 million for the six months ended June 2014, from 6.16 million in June 2013.
Total client numbers lifted 8% to 6.9 million, up from 4.4 million in 2010, and 6.4 million in 2013.
In February, Nedbank said it grew its retail customer segment by 529,000 or 9%, to 6.4 million during the period ended December 2013.
South Africa’s forth largest bank continues to face competition from Capitec Bank, having reported in March that it added 711,000 active clients for the year ended February 2014, boosting its total base by 15% to 5.4 million.
Also in March, FNB indicated that customer numbers for South Africa stood at 7.1 million as at the end of December 2013.
Last week, however, Absa reported a further decline in its retail customer base to 8.6 million
Nedbank reported a 16.1% rise in diluted headline earnings to 965 cents, and declared an interim dividend per share of 4.60 cents, up 17.9%.
It said that digitally-enabled clients grew by 39%, while ATMs climbed to 3,445, from 3,182 in June 2013.
“The distribution growth includes an additional 91 net new ATMs (enabling 144 with cash-accepting capabilities) and eight new outlets, offset by eight outlet closures as we aim to eliminate duplication.
“Nine branches and eight inretailer outlets were reformatted in line with the ‘branch of the future’ design principles, bringing the total new-format branches to 52,” Nedbank said.
Nedbank retail numbers
More on Nedbank
Absa bleeds 750,000 customers in SA
Loading ...