Nedbank 2009 Profit Falls 25% on Recession, Bad Debts (Update4)

Nedbank 2009 Profit Falls 25% on Recession, Bad Debts (Update4)
Feb. 25 (Bloomberg) — Nedbank Group Ltd. , the South African bank controlled by Old Mutual Plc , said profit fell 25 percent in 2009 as consumers struggled to repay debts amid the country’s first recession in 17 years.

Read more on Bloomberg

Related posts:

1. ANZ Bank Profit Climbs as Bad Debts Slow; Shares Rise (Update2)
2. Mexican Banks Defy Recession To Increase Loans 5.2% In 2009
3. Barclays Soars After Profit Doubles; Varley, Diamond Shun Bonus
4. ICBC Plans No Fund Raising; Loans Jump to Record in 2009
5. Credit Agricole Has Profit on Fund Unit, Retail Bank (Update1)

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