Nedbank Group Limited Zimbabwe Depository Receipts (NED.vx)

Nedbank Group Limited is a provider of financial services that includes insurance, asset management, retail and wholesale banking, as well as wealth management. The group is one of South Africa’s four biggest banks through its primary banking affiliate, Nedbank Limited and it has subsidiaries in Lesotho, Mozambique, Namibia, eSwatini (Swaziland), and Zimbabwe.

Nedbank Group listed its Zimbabwe Depository Receipts (ZDRs) on the Victoria Falls Stock Exchange on 28 November 2022. Depository Receipts are equity-like instruments issued by a Depository (in this case, Corpserve Nominees (Zimbabwe)) and they represent ownership of an underlying asset such as equities publicly listed and trading in a foreign country (in this case, Nedbank Group Limited ordinary shares).

Nedbank Group Limited Zimbabwe Depository Receipts are listed on the Victoria Falls Stock Exchange.