Nedbank’s patience is paying off

• Nedbank's performance in the first half of 2026 exceeded its expectations as its restructuring began to yield results and bolster its financial performance.
• Nedbank is heavily exposed to the South African economy, with 91% of its assets being held in the country, but is trying to diversify through its acquisition of 66% of East African lender NCBA.
• The bank's financial performance exceeded expectations despite a shift in South Africa's economic outlook, with Nedbank CEO Jason Quinn forecasting 1.4% GDP growth and inflation averaging 4% for the year.