NEDBANK 2009 PROFIT FALLS 25% ON RECESSION, BAD DEBTS (UPDATE4)

Nedbank 2009 Profit Falls 25% on Recession, Bad Debts (Update4)
Feb. twenty-five (Bloomberg) — Nedbank Group Ltd. , the South African bank tranquil by Old Mutual Plc , pronounced distinction fell twenty-five percent in 2009 as consumers struggled to pay off debts among the country’s initial retrogression in seventeen years.

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Tagged as: 17 Years, 2009, Bad Debts, Bloomberg, Consumers, Debts, falls, Nedbank, Old Mutual Plc, profit, Recession, South African Bank, Update4