{"id":261081,"date":"2018-07-26T08:53:17","date_gmt":"2018-07-26T06:53:17","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=261081"},"modified":"2018-07-26T08:53:17","modified_gmt":"2018-07-26T06:53:17","slug":"nedbank-to-report-a-big-boost-in-earnings","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/261081\/nedbank-to-report-a-big-boost-in-earnings\/","title":{"rendered":"Nedbank to report a big boost in earnings"},"content":{"rendered":"

Nedbank Group Ltd. said first-half earnings rose between 23% and 28% from a year ago after Ecobank Transnational Inc., the African lender in which it holds a 20% stake, returned to profit.<\/p>\n

Earnings per share excluding one-time items increased to between R13.51 and R14.05 in the six months through June from R10.98 a year earlier, Johannesburg-based Nedbank said in a statement on Thursday. A full results statement will be published on August 7.<\/p>\n

The operations of South Africa\u2019s fourth-largest bank “delivered positive earnings growth in line with our expectations,” it said. Lome, Togo-based Ecobank, one of the continent\u2019s most geographically diverse lenders with businesses in 30 countries, expects profit in 2018 to rise 50% after bad-loan charges improved and costs declined.<\/p>\n

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Read:\u00a0Nedbank takes over VBS deposit accounts<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Nedbank says first-half earnings rose between 23% and 28% from a year ago after Ecobank Transnational, the African lender in which it holds a 20% stake, returned to profit.<\/p>\n","protected":false},"author":59,"featured_media":32331,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1799],"class_list":["post-261081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-nedbank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/261081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=261081"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/261081\/revisions"}],"predecessor-version":[{"id":261083,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/261081\/revisions\/261083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/32331"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=261081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=261081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=261081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}