Nedbank’s turnaround is taking shape – now comes the credit test
“The group credit loss ratio remains within Nedbank’s 60 basis points to 100 basis points through-the-cycle range, but it is now close to the top end and was worse than expected.”Impairments and credit loss ratio Even if those strategic priorities are successfully concluded, Higgins says the sustainability of stronger earnings growth will also hinge on whether impairments remain under control as the loan book expands.
Nedbank’s credit loss ratio increased to 95 basis points from 81 basis points the previous year.
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