Old Mutual unveils new CEO, says Nedbank posts increase in Q3 profit
UK insurer Old Mutual said Nedbank Group, its majority-owned South African banking subsidiary, posted an increase in net interest income for the first three quarters of the year. In the nine months to 30 September, net interest income rose 3.7% year-on-year to 17.7bn rand (£0.83bn), driven higher by a 10.4%…
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