Nedbank Group Ltd
JSE:NED
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Nedbank Group Ltd
Accumulated Depreciation
Nedbank Group Ltd
Accumulated Depreciation Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Accumulated Depreciation | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
N
|
Nedbank Group Ltd
JSE:NED
|
Accumulated Depreciation
-zar4.1B
|
CAGR 3-Years
25%
|
CAGR 5-Years
13%
|
CAGR 10-Years
N/A
|
|
Nedbank Group Ltd
Glance View
Nedbank Group Ltd. is one of South Africa's largest financial institutions, well-regarded for its commitment to providing a comprehensive range of banking services. Founded in 1888, the bank has grown into a key player in the African financial landscape, focusing not just on traditional retail and corporate banking but also on investment banking, wealth management, and insurance solutions. With a strong emphasis on sustainability and responsible banking practices, Nedbank aims to contribute positively to social and economic development in the regions it serves. Investors are drawn to its robust capital position and a well-diversified portfolio, which mitigates risks while allowing for potential growth. As a member of the "Big Four" banks in South Africa, Nedbank's strategy centers on building long-term relationships with its clients and investing in technological innovation. The bank has embraced digital transformation, enhancing its offerings through mobile banking and online services, which have driven both customer satisfaction and operational efficiency. With a strong focus on responsible financing and environmental sustainability, Nedbank aligns its business practices with the increasing global demand for ethical investment opportunities. For investors, this positions Nedbank not only as a solid choice in the traditional banking sector but also as a forward-thinking institution that is prepared to thrive in an ever-evolving market landscape.
See Also
What is Nedbank Group Ltd's Accumulated Depreciation?
Accumulated Depreciation
-4.1B
ZAR
Based on the financial report for Dec 31, 2023, Nedbank Group Ltd's Accumulated Depreciation amounts to -4.1B ZAR.
What is Nedbank Group Ltd's Accumulated Depreciation growth rate?
Accumulated Depreciation CAGR 5Y
13%
Over the last year, the Accumulated Depreciation growth was 12%. The average annual Accumulated Depreciation growth rates for Nedbank Group Ltd have been 25% over the past three years , 13% over the past five years .
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