{"id":64876,"date":"2014-08-05T11:09:58","date_gmt":"2014-08-05T09:09:58","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=64876"},"modified":"2014-08-05T14:02:56","modified_gmt":"2014-08-05T12:02:56","slug":"nedbank-reveals-customer-growth","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/64876\/nedbank-reveals-customer-growth\/","title":{"rendered":"Nedbank reveals customer growth"},"content":{"rendered":"

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.<\/p>\n

Total client numbers lifted 8% to 6.9 million, up from 4.4 million in 2010, and 6.4 million in 2013.<\/p>\n

In February, Nedbank said it grew its retail customer segment\u00a0by 529,000 or 9%, to 6.4 million during the period ended December 2013.<\/p>\n

South Africa’s forth largest bank continues to face competition from Capitec Bank, <\/a>having reported in March that it added\u00a0711,000 active clients for the year ended February 2014, boosting its total base by 15% to 5.4 million.<\/p>\n

Also in March, FNB indicated that customer numbers for South Africa stood at 7.1 million as at the end of December 2013.<\/p>\n

Last week, however, Absa reported a further decline in its retail customer base to 8.6 million<\/p>\n

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%.<\/p>\n

It said that digitally-enabled clients grew by 39%, while ATMs climbed to 3,445, from 3,182 in June 2013.<\/p>\n

“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.<\/p>\n

“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.<\/p>\n

\"Nedbank<\/a>

Nedbank retail numbers<\/p><\/div>\n

More on Nedbank<\/h3>\n

Absa bleeds 750,000 customers in SA<\/strong><\/a><\/p>\n

Nedbank adds 529,000 customers<\/strong><\/a><\/p>\n

Capitec in big customer win<\/strong><\/a><\/p>\n

We\u2019ve got our innovation mojo back: Nedbank<\/span><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nedbank has reported a rise in retail customers to 6.65 million for the six months ended June 2014, from 6.16 million in June 2013.<\/p>\n","protected":false},"author":10,"featured_media":32331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[29,25,2002,76,1799],"class_list":["post-64876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-absa","tag-active","tag-capitec-bank","tag-fnb","tag-nedbank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/64876","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=64876"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/64876\/revisions"}],"predecessor-version":[{"id":64890,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/64876\/revisions\/64890"}],"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=64876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=64876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=64876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}