The Nedbank Group, one of the leading banking institutions in Africa, with presence in South Africa, Namibia, Eswatini, Mozambique, Lesotho, and Zimbabwe, released its financial results for the first half of 2025 this Wednesday, August 6, reporting a 6% growth in net results, which reached 8.4 billion rands (467.8 million dollars).
“The increase in net results was driven by growth in non-interest income and earnings from associates, as well as continuous improvement in impairment charges and good management of underlying costs, partially offset by moderate growth in the net interest margin,” describes the banking institution. In a statement reviewed by Diário Económico, the bank also reports that, during the period analyzed, return on equity improved slightly to 15.2%. Quoted in the document, Jason Quinn, Nedbank’s CEO, noted that the operational environment during the first half was challenging, highlighting that “uncertainty surrounding United States policies, namely tariffs, as well as geopolitical conflicts, resulted in significant volatility in financial markets and reduced business confidence.”
He explained that, for example, in South Africa, economic recovery “lost momentum, with real Gross Domestic Product growth declining to 0.1% in the first quarter of 2025.” Even facing these challenges, Jason Quinn emphasized that “the group’s balance sheet remained very robust.”
Specific Data for Mozambique
Meanwhile, regarding Nedbank’s results in Mozambique alone, the note reveals that these increased to 516 million meticais (8 million dollars), with asset growth of 791 million meticais (12.2 million dollars).
“In the first half of 2025, return on equity improved to 16.59%, the efficiency ratio dropped to 45.07%, compared to the previous 54.98%. The enhanced liquidity ratio stood at 54.10%, significantly above the regulatory minimum of 25%,” it reported. The document shared with Diário Económico shows that the strong capital structure had a solvency ratio of 32.07%, far exceeding the required minimum of 12%, also holding a robust securities portfolio, with more than 11.3 billion meticais (175.3 million dollars) in highly liquid assets.
“There was also a 4% increase in the total number of active customers, reaching 19,428, with 65.2% of them digitally active. Active mobile banking users also increased by 8.6%, totaling 10,927, and digital transactions grew 11.2% year-on-year, surpassing 1.4 million operations,” it concludes.
Recently, Nedbank Mozambique was awarded the Best Digital Bank in Mozambique by the British magazine Global Banking and Finance Review. This international recognition reaffirmed the bank’s position “as a leader in the digital transformation of Mozambique’s financial sector.”
The entity stated that the award reflects the consistency and effectiveness of Nedbank’s digital strategy, based on a customer-centric approach and full integration of digital channels. Through continuous development of innovative technological solutions, the bank has ensured a simple, secure, accessible, and uniform banking experience, regardless of the channel.
Text: Cleusia Chirindza
