Full Year 2020 Nedbank Group Ltd Earnings Call Transcript

Mar 17, 2021 / 02:00PM GMT
Michael William Thomas Brown - Nedbank Group Limited - Chief Executive & Executive Director

Good afternoon to everybody on the phone lines and those on the webcast, and welcome to the 2020 Nedbank Group Full year Results presentation. 2020 was a roller coaster year. In human terms, one filled with uncertainty, health challenges, economic hardship and stress for millions of people. In statistical terms, it was a one in 100 year event. Pleasingly, we've seen a recovery in the second half after a very difficult H1, and in particular, the peak COVID stress in the second quarter. In my section today, I will briefly touch on the difficult environment for our clients and banks in 2020. I'll then reflect on the excellent outcomes on our resilience metrics and the good strategic progress we have made as we transitioned out of the more severe levels of lockdown. I believe the Nedbank teams have done an outstanding job in navigating 2020, and I trust this will be evident to all of you in our presentation today.

I thank our committed Nedbank employees for remaining resilient during the extraordinary

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