Johannesburg – Nedbank has resumed dividend payments to shareholders.
It will pay out R2.2 billion in interim dividends.
Nedbank’s interim profits are up by almost 150%.
The bank said this is mainly due to robust retail credit demand due to lower interest rates.
However, despite this, the bank is dropping its economic growth expectations fort he country.
It previously estimated a growth of 5%, but has dropped that to 4.2%.
Nedbank said this is mainly due to the fallout of the coronavirus pandemic and the recent riots.
