Nedbank Corporate Property Finance earns top spot in PwC Banking Survey 2013

The accolade is an affirmation of our market leader position in the industry, where we hold 37% market share says Frank Berkeley, Managing Executive at Nedbank Corporate Property Finance.

Nedbank Corporate Property Finance has been voted the best Property Finance bank in the 2013 PricewaterhouseCoopers (PwC) South African Banking Survey.

The South African banking survey by PricewaterhouseCoopers indicates the continual importance of retail markets to the banks.

The survey, which is conducted every two years, measures performance, presence and momentum across a variety of different markets as rated by the Chief Executive Officers and Senior Executives in the banking industry.

“This accolade is an affirmation of our market leader position in the industry, where we hold 37% market share,” says Frank Berkeley, Managing Executive: Nedbank Corporate Property Finance. “It is also a demonstration of our commitment to the industry both from an internal employee perspective and the clients that we serve.  We are pleased and humbled to be acknowledged by our peers for the role that we play,” he adds.

The strength of Nedbank Corporate Property Finance is built on a highly client-centric approach, its proven understanding of the market and its focus on financing quality assets in appropriate locations.

“We are particularly proud to have regained this position despite the lingering challenges of the economic downturn,” concludes Berkeley, “and look forward to continue to make things happen.”

In Feb, Nedbank Corporate Property Finance posted a sterling set of financial results with 13.9% growth in headline earnings in the year to December, compared with the year before, thanks to its selective growth strategy.

Announcing the results, Grant Rothman, Head of Finance at NCPF said the bank had approved and paid out new loans of R14 billion, and also paid out an additional R18 billion for existing facilities.