Nedbank Eswatini assets grow to E8.3 billion

By Delisa Magagula

Nedbank Eswatini’s balance sheet strengthened as total assets increased 9 percent to E8.3 billion in June 2025.

The rise in assets was supported by higher customer deposits, which grew 11 percent to E6.2 billion and loan growth of 13 percent to E4.1 billion. Cash and balances with the central bank reached E1.3 billion compared to E1.1 billion in December 2024.

This is according to Nedbank Eswatini Limited’s published results for the six months ended June 30, 2025, as released to stakeholders on August 29, 2025.

The report mentions that, shareholders’ equity climbed to E1.05 billion from E1.0 billion, reflecting retained earnings and headline earnings of E63.2 million for the reporting period. Net asset value advanced by 16.8 percent compared to June 2024.

On the liabilities side, borrowings rose to E365.5 million, up from E347.1 million in December 2024, while other liabilities moved to E348.9 million compared to E295.6 million.

Earnings per share increased to 247 cents from 239 cents, with return on equity improving to 18.1 percent. The cost-to-income ratio remained stable at 67.4 percent.

The liquidity coverage ratio stood at 155 percent, maintaining a strong buffer above regulatory thresholds. The bank’s capital and reserves reached E1.05 billion, up from E1.0 billion at the end of December 2024.