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Nedbank Corporate
» Operational overview from Annual report 2010. . . click here to view
OVERVIEW
Corporate Banking is a relationship-driven business that focuses on the wholesale corporate market in southern Africa, with teams based in Johannesburg, Durban, Cape Town and London. Corporate Banking engages with clients who have turnovers exceeding R400 million per annum and lending requirements in excess of R50 million. It extends a full-service wholesale banking offering from lending to transactional banking through dedicated teams of corporate bankers, credit and transactional experts, as well as a specialised structured-debt team.
Property Finance specialises in providing tailormade financial property finance solutions to:
Transactional Banking supports Nedbank Corporate, Nedbank Business Banking and Nedbank Retail through innovative transactional product development. It offers services across South Africa, in five African countries, and in regions serviced by the Ecobank Nedbank Alliance. Transactional Banking also manages Nedbank Corporate's international financial relationships with its global banking partners.
Corporate Shared Services is the delivery and service centre for transactional processing and is primarily responsible for the processing and servicing of wholesale products in support of Nedbank Corporate and Business Banking clients. It also provides transactional processing and servicing for a large portion of Nedbank Retail clients.
Nedbank Corporate will continue to focus on sustained economic profit growth while applying rigorous risk management disciplines. The business will seek to increase the number of primary-banked clients and improve the NIR-to-expenses ratio.
Continued client service improvement and the ongoing rollout of innovative electronic banking products and solutions will remain key focus areas for Transactional Banking.
All the businesses comprising Nedbank Corporate will continue to align closely with the image and strong positioning of the Nedbank brand and strive to contribute to the strengthening of its corporate and commercial equity through closely aligned media campaigns and consistent financial performance.
Nedbank Africa is on a solid growth trajectory and will pursue opportunities for expansion in line with the group's vision of being Africa's most admired bank.
Nedbank Corporate will continue to invest in people development with a strong focus on providing visible leadership and a culture of collaboration and unity.
Nedbank Corporate provides lending, deposit-taking and transactional services to Nedbank Group's wholesale banking clients. It does this through three client-facing business units and two support areas.
OVERVIEW
Corporate Banking is a relationship-driven business that focuses on the wholesale corporate market in southern Africa, with teams based in Johannesburg, Durban, Cape Town and London. Corporate Banking engages with clients who have turnovers exceeding R400 million per annum and lending requirements in excess of R50 million. It extends a full-service wholesale banking offering from lending to transactional banking through dedicated teams of corporate bankers, credit and transactional experts, as well as a specialised structured-debt team. Property Finance specialises in providing tailormade financial property finance solutions to:
- commercial, industrial, retail and residential property developers, investors and owner occupiers;
- listed property funds; and
- partnerships – either through joint ventures or minority equity investments.
Transactional Banking supports Nedbank Corporate, Nedbank Business Banking and Nedbank Retail through innovative transactional product development. It offers services across South Africa, in five African countries, and in regions serviced by the Ecobank Nedbank Alliance. Transactional Banking also manages Nedbank Corporate's international financial relationships with its global banking partners.
Corporate Shared Services is the delivery and service centre for transactional processing and is primarily responsible for the processing and servicing of wholesale products in support of Nedbank Corporate and Business Banking clients. It also provides transactional processing and servicing for a large portion of Nedbank Retail clients.
Strategy
Nedbank Corporate's core strength is in providing personalised relationship-based banking services and solutions to the wholesale market. This is achieved by ensuring a thorough understanding of the banking needs of clients and the markets in which they operate, and delivering appropriate banking solutions.
Key strategic focus areas include:
- commercial, industrial, retail and residential property developers, investors and owner occupiers;
- listed property funds; and
- partnerships – either through joint ventures or minority equity investments.
- Growing sustainable economic profit through value-driven strategies.
- Increasing client acquisition and share of wallet through intragroup cross-selling.
- Selective asset and liability growth.
- Continuing to contribute to business sustainability and transformation through the funding of black economic empowerment and green initiatives.
- Achieving a step change in NIR by aligning the cluster's sales force and profitable products• Embedding risk and capital management imperatives in planning, performance management and pricing.
- Continuing to focus on driving efficiencies while maintaining investment for future business growth.
- Developing leaders and managing talent.
Underpinning this strategic focus is a continued commitment to cultural sustainability, with a particular focus on transforming Nedbank Corporate's workforce profile and creating an appropriate pool of skills required for growth and diversity. Through appropriate remuneration and reward structures the cluster will also continue to attract and retain the talent it requires to secure future business growth. Nedbank Corporate remains committed to helping develop South Africa's talent pools, particularly in areas of skills shortages.
LOOKING FORWARD
The business environment and economic prospects are expected to improve slightly in 2011, based on momentum gained in the last quarter of 2010. Credit extension is likely to improve with good funding opportunities in the value chains of growing sectors of the economy as well as the public sector infrastructure programme.Nedbank Corporate will continue to focus on sustained economic profit growth while applying rigorous risk management disciplines. The business will seek to increase the number of primary-banked clients and improve the NIR-to-expenses ratio.
Continued client service improvement and the ongoing rollout of innovative electronic banking products and solutions will remain key focus areas for Transactional Banking.
All the businesses comprising Nedbank Corporate will continue to align closely with the image and strong positioning of the Nedbank brand and strive to contribute to the strengthening of its corporate and commercial equity through closely aligned media campaigns and consistent financial performance.
Nedbank Africa is on a solid growth trajectory and will pursue opportunities for expansion in line with the group's vision of being Africa's most admired bank.
Nedbank Corporate will continue to invest in people development with a strong focus on providing visible leadership and a culture of collaboration and unity.
| This page was updated on 30 March, 2011 |  Return to top |
