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Objectives for 2009 and beyond
STAFF: 'A GREAT PLACE TO WORK', 'CREATE A COMMUNITY OF LEADERS' AND 'LIVING OUR VALUES.'
- Continue to reduce limiting values and increase current to ideal culture matches.
- Further staff satisfaction.
- Manage and retain our talent in a competitive market.
- Develop and grow our people.
- Build our leadership and management capabilities.
- Further improve human resources (HR) effectiveness and service delivery.
- Transform our workforce to start to align to the demographics of the South African economically active population.
CLIENTS: 'A GREAT PLACE TO BANK.'
- Grow the Retail franchise; become the leader in business banking and maintain our top-three positioning in wholesale banking.
- Grow primary client status and transactional income streams.
- Further improve service levels to worldclass standards.
- Manage for value (selective profitable growth) and increase economic profit in all businesses
- Achieve selective advances growth.
- Selectively expand into Africa and leverage the Ecobank alliance.
- Continue building the Nedbank brand as a bank for all South Africans.
COMMUNITIES: 'HIGHLY INVOLVED IN THE COMMUNITY AND ENVIRONMENT.'
- Continue to lead as a corporate citizen in our efforts to ensure we are a green and caring bank, thereby building a sustainable business that is relevant in South Africa.
- Deliver on our transformation targets and become a truly South African bank.
SHAREHOLDERS: 'A GREAT PLACE TO INVEST.'
- Manage the bank conservatively, but profitably through the economic downturn
- Continue focus on liability growth and our strong depositor franchise.
- Focus on high-quality, appropriately priced loans.
- Grow the group’s transactional banking franchise, both wholesale and retail.
- Cross-sell into our existing client base.
- Remain agile and alert to opportunities in the current environment.
- Exercise vigilance and focus on proactively managing capital and liquidity.
- Price appropriately for risk and the increased cost of funding.
- Enhance productivity and efficiency, execution and continue smart cost management.
REGULATORS: 'WORLDCLASS AT MANAGING RISK.'
- Exercise vigilance and focus on proactively managing capital and liquidity.
- Price appropriately for risk and the increased cost of funding.
- Continually monitor and refine credit and risk parameters as appropriate.
- Further embed and leverage worldclass risk practices.
- Maintain good relationships with all regulators.
| This page was updated on 25 June, 2009 |  Return to top |
