Nedbank Group (Nedbank Group) Allowance For Loans And Lease Losses : $-1,589 Mil (As of Dec. 2023)

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What is Nedbank Group Allowance For Loans And Lease Losses?

Nedbank Group's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-1,589 Mil.

Nedbank Group's quarterly Allowance For Loans And Lease Losses increased from Dec. 2022 ($-1,575 Mil) to Jun. 2023 ($0 Mil) but then declined from Jun. 2023 ($0 Mil) to Dec. 2023 ($-1,589 Mil).

Nedbank Group's annual Allowance For Loans And Lease Losses increased from Dec. 2021 ($-1,614 Mil) to Dec. 2022 ($-1,575 Mil) but then declined from Dec. 2022 ($-1,575 Mil) to Dec. 2023 ($-1,589 Mil).

Nedbank Group Allowance For Loans And Lease Losses Historical Data

The historical data trend for Nedbank Group's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nedbank Group Allowance For Loans And Lease Losses Chart

Nedbank Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-1,666.73

-1,614.06

-1,574.60

-1,588.70

Nedbank Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-1,614.06	-	-1,574.60	-	-1,588.70

Nedbank Group Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Nedbank Group Allowance For Loans And Lease Losses Related Terms

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Nedbank Group (Nedbank Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nedbank Group Ltd (OTCPK:NDBKF) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

NED:South Africa NDBKY:USA NBK:Namibia NCO:Germany

Address

135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.nedbankgroup.co.za

Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.