Nedbank Namibia on Tuesday shared its financial results for the year ended 31 December 2025, with the group reporting N$17.2 billion in headline earnings.
A key highlight for local stakeholders was the performance of the Nedbank Africa Regions (NAR) division, which includes Namibia.
The division saw a 7% decrease in impairments, falling to N$292 million.
The group attributed this reduction to “improved recoveries and lower impairments in Namibia driven by expected credit loss adjustments.”
The Southern African Development Community (SADC) region, where Namibia remains a primary contributor, recorded headline earnings of N$672 million, marking a 15% increase.
This growth was supported by a 9% rise in net interest income to N$2.9 billion and a 17% surge in average loans and advances, which reached N$26 billion.
The bank stated that this growth in loans was a result of corporate activity.
Furthermore, non-interest revenue for the region grew by 5% to N$1.8 billion, fuelled by client activity in Lesotho and trading income in Mozambique.
On the group level, headline earnings increased by 2% to N$17.2 billion.
The group reported diluted headline earnings per share growth of 3%, while the return on equity (ROE) stood at 15.4%.
The board declared a final dividend of 1 104 cents per share.
According to the group, balance sheet metrics remained resilient, with a Common Equity Tier 1 ratio of 12.9% and a tier 1 capital ratio of 14.5%.
Nedbank Group chief executive Jason Quinn says the financial year was a period of restructuring.
“Well executed initiatives included the restructuring of our retail and business banking and Nedbank Wealth Clusters, the sale of the group’s Ecobank Transnational Incorporated (ETI) shareholding, the acquisition of fintech innovator iKhoka, and, more recently, an offer to acquire a 66% stake in NCBA Group,” Quinn says.
Quinn also highlights a shift in the bank’s continental strategy. Last December, the group disposed of its 21% shareholding in ETI, marking a strategic “reset” to focus more heavily on the SADC and East Africa regions.
The group’s client base reached eight million during the period, with a rapid shift toward digital banking. Within the Africa regions, digitally active retail clients now represent 70% of the total active base, while users of the Nedbank Money app grew by 14% to three million.
Looking ahead to 2026, Nedbank expects to maintain an ROE above 15%. The group’s economic outlook predicts gross domestic product growth of 1.5% for the coming year, with consumer spending and investment anticipated to drive continued banking activity.
– Nampa
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