Customers perform transactions on Nedbank automated teller machine (ATM) at the Trade Route Mall, in Lenasia outside Johannesburg, South Africa, February 8, 2023. REUTERS/Siphiwe SibekoJOHANNESBURG, Aug 8 (Reuters) - South Africa's Nedbank Group (NEDJ.J), amongst the top five lenders in the country, recorded an 11% rise in interim profit as it gained from high interest rates, even as its bad loans grew. For the half year ended June 30, the bank's headline earnings per share, a profit measure, was at 15.25 rand ($0.8121), up from 13.70 rand posted a year earlier. But a combination of inflation, high interest rates and regular power cuts are taking a toll. ($1 = 18.7778 rand)Reporting by Promit Mukherjee; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

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Persons: Promit Mukherjee, Jacqueline Wong Organizations: REUTERS, Nedbank, Thomson Locations: Lenasia, Johannesburg, South Africa, Siphiwe, JOHANNESBURG