Nedbank results | Profits up, bank flags inflation

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Nedbank says its hybrid work-from-home system and its approach to office space are leading to cost savings.

Nedbank sees decline in impairments

Nedbank says loans to companies rebounded in the period, while those to households were supported by increased demand for vehicles and mortgages. But the bank is concerned about surging inflation and worries over major global economies are heading for a recession.

 

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And customers like me are leaving

That’s wonderful for them. Wouldn’t it be nice if they passed some of that saving onto their clients, but capitalism is about the bottom line right.

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