Nedbank 1Q Interest Income +7.3%, On Track to Achieve 2013 Targets
Nedbank Group Ltd. (NED.JO), the majority-owned South African banking subsidiary of Old Mutual PLC (OML.LN), said Friday interest income grew 7.3% in the first quarter ended March 31 to 5.12 billion South African Rand, from ZAR4.77 billion last year, driven by growth in average interest-earning banking assets of 5.9%.
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