Nedcor
Banking · South Africa · 1-10 Employees
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Overview
Headquarters
South AfricaWebsite
www.nedcor.co.zaRevenue
<$5 MillionIndustry
About Nedcor
Nedcor has continued to make progress in the first year of its planned three-year strategic recovery programme and remains on track to achieve its 2004 targets. Operating expenses have continued to be managed closely and remain in line with expectations. Staff numbers have reduced by a further 1,395 since June to 21,777. In its trading statement, Nedcor has forecast that it expects headline earnings on its own accounting basis (excluding translation gains or losses) for the year to 31 December 2004 will be between 0% and 15% greater than the R1,471 million reported in 2003. Nedcor remains confident that its tier 1 capital will exceed the target of 7.5% at year-end.Explore more
Nedcor Org Chart
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Nedcor has continued to make progress in the first year of its planned three-year strategic recovery programme and remains on track to achieve its 2004 targets. Operating expenses have continued to be managed closely and remain in line with expectations. Staff numbers have reduced by a further 1,395 since June to 21,777. In its trading statement, N... Read More
