Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
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<strong>Nedbank</strong>KeYona<strong>Nedbank</strong>understandsthatkeytomakingbankingaccessibletoallinSouthAfrica,beginswiththeupliftmentofcommunitiesandcreatinganenvironmentofinclusiveness.<strong>Nedbank</strong>continuestoengagewithvariouscommunitiestolistenandunderstandthefinancialneedsofourclientsandsocietyatlarge.Throughlisteningtocommunitieswehavegainedgreatinsightintotheirspecificneeds.Assuch,theyear2011sawgreaterfocusinentrylevelbankingwiththelaunchof<strong>Nedbank</strong>‘KeYona’offering.The<strong>Nedbank</strong>‘KeYona’offeringcomprisesofthePayAsYouUse(PAYU)transactionalaccount,FuneralCover,PersonalLoan,JustSaveaccountandthemoneytransfersolutionVodacommpesaenablingclientstotransact,borrow,saveandinsure.Since2005,throughtheImbizoinitiative,<strong>Nedbank</strong>continuestogrowitsfootprintacrossSouthAfricainareasitwaspreviouslynotrepresented,includingcommunitiessuchasNgqeleni,Centane,Acornhoek,Idutywa,Thohoyandou,MountFrereandKuruman.<strong>Nedbank</strong>hasalsoinvestedinbuildingitsinnovative,alternatedistributionoutletsthroughitspartnershipwithPicknPayandBoxerStoresforthepastsixyears.Thesealternativeoutletsnowat169,addtotheexistingnetworkof465branchesand446<strong>Nedbank</strong>PersonalLoanKiosks,whichinclude<strong>Nedbank</strong>presenceinCashBuildandBuildItaswellasthe<strong>Nedbank</strong>MobileSalesteamsincommunitiesacrossthecountry.<strong>Nedbank</strong>continuestogrowitsclientbaseofover3millionentrylevelbankingclientsincludingtheyouth.Reach 2011 2010 2009 2008 2007verified verified verified verified verifiedBranches 465 452 438 445 422ATMs 2,279 1,980 1,847 1,746 1,557BranchesbyProvince EasternCape 38 36 36 38 33FreeState 12 12 11 11 10Gauteng 160 161 151 154 149KwaZuluNatal 86 83 87 88 83Limpopo 28 25 24 24 23Mpumalanga 20 20 19 19 17NorthernCape 5 4 4 12 12NorthWest 14 11 12 4 4WesternCape 102 100 94 95 91 465 452 438 445 422BranchesopenonSundaysapilotstartedinNovember2010provedthattherewasmeritinextendingbusinesshourstoSundaywhichresultedin<strong>Nedbank</strong>nowtradingfrom10amto14pmonaSundayacrossaselectionof33branches.FSCSitesInanefforttoincreaseaccesstofirstorderretailfinancialservicestoagreatersegmentofthepopulation,<strong>Nedbank</strong>incollaborationwithotherfinancialinstitutions,identified32ruralFSCSitesindesperateneedofrepresentationwithin10kilometresof80%oftheLSM15population.<strong>Nedbank</strong>reacheditsagreedtargetattheendof2008andstillcontinuesitssupportintheseareas.<strong>Nedbank</strong><strong>Group</strong>Transformation<strong>Report</strong>2011–FinalDraft.44
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