Nedbank Group is one of the largest financial services groups in Africa offering wholesale and retail banking services as well as insurance, asset management and wealth management solutions[buzzword] through its front-line clusters, namely Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth and the Rest of Africa. Nedbank Limited is a wholly owned subsidiary of Nedbank Group.
Nedbank Group’s primary market is South Africa. Outside of South Africa, Nedbank operates in six countries in the Southern African Development Community (SADC), through subsidiaries and banks in Lesotho, Malawi, Mozambique, Namibia, Swaziland and Zimbabwe, as well as representative offices in Angola and Kenya. Outside Africa, Nedbank have a presence in key global financial centres to provide international financial services for South Africa- and Africa- based multinational and high-net-worth clients in Guernsey, Isle of Man, Jersey and London, and a representative office in Dubai. In 2014, Nedbank acquired an associate stake of 20% in Ecobank Transnational Incorporated. The Nedbank-Ecobank Alliance is the largest banking network in Africa, with more than 2,000 branches in 39 countries.