Friday, 31 March 2023

Best Retail Bank in Africa - Nedbank

5 min read

By The Asian Banker

The winning bank achieved strong financials with a positive growth in retail revenue. It posted a robust net interest income driven by high average growth in gross advances that  includes personal home, and automobile loans. The bank embarks on customer-centric journey by enhancing digital banking experience tht resulted a double-digit increase in its mobile app users.  The bank developed an application that enables businesses to sell products and services securely and conveniently with a networking and support platform that provides advertising, coaching, relevant business support materials, and strategic initiatives for SME customers. The Best Retail Bank in Africa and South Africa and the Best SME Bank in South Africa is Nedbank.


About The Asian Banker

The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The global research company has offices in Singapore, Malaysia, Hong Kong, Beijing and Dubai as well as representatives in London, New York and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. Visit for details.

You may visit the Excellence in Retail Financial Services page at

For further information on the collaterals for winning banks, please contact:

Mr. Mobasher Zein Kazmi

Head of Research

Tel: (+61) 452 514 145

Email: [email protected]

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