Nedbank’s profitability ‘on target’

NEDBANK Zimbabwe (Nedbank) says its cost-to-income ratio fell within its target during the 12 months to December 2022, spurred by improved efficiency.
Cost-income is the ratio between the costs involved in running a business and the income the business produces.
The ratio is important for determining a bank’s profitability because it shows how efficiently the bank is run — the lower the ratio, the more profitable the bank.

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Sibongile Moyo

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