South Africa · Financial institution
Nedbank Limited
Nedbank Limited is a public company incorporated in South Africa, registration number 1951/000009/06. Its head office is at the Nedbank 135 Rivonia Campus in Sandton. Nedbank Group Limited, which is listed on the JSE, is its direct and ultimate parent according to the Legal Entity Identifier (LEI) record. The bank provides retail, business, commercial, corporate and investment banking in South Africa, and it also operates a branch in London. In 2025 the group sold its stake in Ecobank Transnational Incorporated and bought the fintech company iKhokha. In 2026 it made an offer for a controlling stake in NCBA Group in Kenya.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- NEDSZAJJXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under NEDSZAJJ directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 2 branch codes
- Other BIC with this LEI
- NEDSGB2L
- BIC first registered
- 1982-09-06
- Last updated
- 2023-03-14
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
Nedbank Group Limited
Institution type
Universal bank
Trades as Nedbank
- Ownership
- Nedbank Group Limited is the direct and ultimate parent, and it is listed on the JSE, the Namibian Stock Exchange and A2X.
- Direct parent
- Nedbank Group Limited ↗, South Africa
- Head office
- Nedbank 135 Rivonia Campus, 135 Rivonia Road, Sandown, 2196 Sandton, South Africa
- Company register
- 1951/000009/06 (Companies and Intellectual Property Commission, South Africa)
Business lines
The bank works through four client clusters: Corporate and Investment Banking, Business and Commercial Banking, Personal and Private Banking, and Nedbank Africa Regions. The fleet-management business Eqstra operates as a division of the bank.
Online
- Websites & references
- nedbank.co.za ↗
group.nedbank.co.za ↗ group corporate and investor relations site
personal.nedbank.co.za ↗ personal banking site
business.nedbank.co.za ↗ business and commercial banking site
cib.nedbank.co.za ↗ Corporate and Investment Banking site
private.nedbank.co.za ↗ private banking site - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 8 pages consulted
- nedbank.co.za/
- group.nedbank.co.za/home/leadership.html
- group.nedbank.co.za/content/dam/group/pdf/20_financial-results/2025/annual-results/2025-annual-results-bookle
- nsx.com.na/unaudited-interim-financial-results-for-the-6-months-ended-30-june-2026-and-cash-dividend
- group.nedbank.co.za/explore-investor-relations/results-and-reports.html
- resbank.co.za/content/dam/sarb/publications/media-releases/2022/pa-nedbank-sanctions/South%20African%20
- techcabal.com/2026/07/31/nedbank-hires-mtn-executive-as-cio/
- fintechfutures.com/job-cuts-new-hires/nedbank-names-nikos-angelopoulos-as-new-group-cio
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Jason Quinn
Chief Executive
- Chair
-
Daniel Mminele
Chairperson
- Chief financial officer
- Mike Davis Chief Financial Officer
- Executive
-
Mfundo Nkuhlu
Chief Operating Officer
- Executive
- Nikos Angelopoulos Chief Information Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- South Africa
- Prudential Authority (South African Reserve Bank) Prudential supervisorAML supervisor
- South Africa
- South African Reserve Bank Central bankResolutionForeign exchange
- South Africa
- Financial Sector Conduct Authority Conduct
- South Africa
- National Credit Regulator Other
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
The bank appointed Nikos Angelopoulos, formerly of MTN Group, as Group Chief Information Officer with effect from 1 September 2026.
techcabal.com ↗ -
Merger / acquisition
Nedbank Group's offer for NCBA Group closed on 10 July 2026, accepted by holders of 79.9% of NCBA shares, pending remaining approvals.
nsx.com.na ↗ -
Leadership
Chief Information Officer Ray Naicker resigned with effect from 31 January 2026.
group.nedbank.co.za ↗ -
Merger / acquisition
Nedbank Group completed the sale of its 21.2% stake in Ecobank Transnational Incorporated for USD 100 million on 17 December 2025.
group.nedbank.co.za ↗ -
Merger / acquisition
The group completed its acquisition of 100% of the fintech company iKhokha on 1 December 2025, for ZAR 1.65 billion.
group.nedbank.co.za ↗ -
Leadership
Jason Quinn, formerly Financial Director of Absa, was appointed Chief Executive in May 2024.
group.nedbank.co.za ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- NEDSZAJJXXX
- How the BIC breaks down
- NEDSBank
- ZACountry · South Africa
- JJLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 213800ZBWY3BU3UUMA42
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- South Africa · Sub-Saharan Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- Nedbank Group Limited · South Africa3789009E42FA3CB31065 ↗
The Nedbank Group Limited group has 4 institutions in the directory, in 2 countries: all hold a BIC.
Including Nedgroup Securities (Pty) LTD, Nedgroup Investments (UK) LTD.
See the Nedbank Group Limited group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 135 RIVONIA ROAD SANDTON, GAUTENG 2196 SOUTH AFRICA
- Operational address
- 135 RIVONIA ROAD SANDTON SANDTON 2196 SOUTH AFRICA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>NEDSZAJJXXX</BICFI>
<LEI>213800ZBWY3BU3UUMA42</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>NEDSZAJJXXX</BICFI>
<LEI>213800ZBWY3BU3UUMA42</LEI>
<Nm>NEDBANK LIMITED</Nm>
<PstlAdr>
<TwnNm>SANDTON</TwnNm>
<Ctry>ZA</Ctry>
<AdrLine>135 RIVONIA ROAD SANDTON, GAUTENG 2196</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branches and correspondent banking
All 2 branch BICs connect to the head office. No city, function or registration year splits them into groups. 5 other banks publish 5 accounts held with this bank.
- Own offices
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Respondent banks
From the correspondent lists other banks publish
5 other banks publish 5 accounts held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| ZAR | BNP Paribas France | NEDSZAJJ | 1986.213838 | — | cdn.territories.bnpparibas ↗ dated 1 Jan 2023 |
| ZAR | Hang Seng Bank Limited Hong Kong SAR China | NEDSZAJJ | — | inward payments | hangseng.com ↗ |
| ZAR | Jyske Bank A/S Denmark | NEDSZAJJ | — | FX, money market, derivatives and banknote settlement | jyskebank.com ↗ |
| ZAR | Kotak Mahindra Bank Limited India | NEDSZAJJXXX Listed as Ned Bank, Sandton | 1986253287 | inward remittances | kotak.bank.in ↗ |
| ZAR | Taipei Fubon Commercial Bank CO. LTD Taiwan | NEDSZAJJ | — | inward remittances | fubon.com ↗ dated May 2023 |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| NEDSZAJJCLS | — | Sandton | 135 RIVONIA ROAD SANDTON SANDTON 2196 SOUTH AFRICA | — | 2020-11-23 |
| NEDSZAJJTSP | — | Roodepoort | LAKEVIEW FLOOR 2ND 16 CONSTANTIA BOULEVARD ROODEPOORT ROODEPOORT 2001 SOUTH AFRICA | — | 2021-02-06 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: personal.nedbank.co.za (official website) · original; Jason Quinn: group.nedbank.co.za (official website) · original; Daniel Mminele: group.nedbank.co.za (official website) · original; Mfundo Nkuhlu: group.nedbank.co.za (official website) · original.
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