Nedbank net income rose to N$956m in 2023/2024
By: Hertha Ekandjo Nedbank Namibia’s net interest income rose to N$956 million in 2024 from N$934 million in 2023. There was a 6% rise in loans and advances, reflecting a stronger demand for credit amid recovering economic conditions. Additionally, interest paid to clients grew by 2%, reaching N$1.184 billion, up from N$1.162 billion in 2023. The bank’s credit loss ratio increased to 103 basis points (bps), compared to 60 bps […]