Annual Reports

Nedbank Zimbabwe Audited Condensed Financial Statements 2013

Zimbabwe’s economic growth is forecast to be lower than 3.6% mainly due to the fall in international metal prices, decline in production in the manufacturing sector and loss of exports...

Nedbank Zimbabwe Financial Statements 2013

The Bank’s performance over the year 2013 reflected the effects of a challenging environment, the impact of the Memorandum of Understanding and increased cost of the deposit protection premiums.

Nedbank Zimbabwe Half Year Interim Unaudited Financial Statements 2014

The economy continues to be subdued as confirmed by a growth rate of only 3.4% recorded in 2013. Tight liquidity conditions continue to persist and demand deposits remain above 70% of the total...

Nedbank Zimbabwe Unaudited Condensed Financial Statements 2012

Initial GDP growth forecast for 2012 of 9.4% has been downgraded to 5.6% following a below budget revenue performance by National Treasury in the first half of 2012. Falling prices of minerals, a...

Nedbank Zimbabwe Annual Report 2012

The economy recorded slower growth in 2012 compared with 2011. The real growth rate is forecast to be 4.4% down from the initial forecast of 5.6%. This subdued growth is due to a poor agricultural...

Nedbank Zimbabwe Unaudited Results 2010

The level of economic activity is yet to show significant improvement in most sectors of the economy. The major challenge undermining meaningful growth of the productive relates to the lack of...

Nedbank Zimbabwe Audited Condensed Financial Statements 2011

The Zimbabwean economy has continued on its positive growth path since the introduction of the multi-currency system in February 2009. The estimated growth of the economy in 2011 was ASSETS 9.3% up...

Nedbank Zimbabwe Interim Financial Statements 2011

Zimbabwe continues to post positive economic growth. The economy grew by 8.1% in 2010 (as measured by GDP) up from 5.7% in 2009, and is further expected to grow by 9.3% this year. Growth in 2011 is...