Nedbank: Ecobank made governance progress

Comment on this story
NedbankLogo1234 Gallo Images Photo by Anesh Debiky/Gallo Images.

Johannesburg - Pan African lender Ecobank Transnational has made progress in resolving governance problems, the chief executive of its alliance partner Nedbank Group, said on Tuesday.

“ETI went through some governance challenges, but in the last few months we think they've made enormous progress in resolving those issues,” Mike Brown told Reuters in an interview.

South Africa's Nedbank has a strategic alliance with Ecobank and under a deal with the Togo-based lender has until November to decide if it will take a 20 percent stake in the bank. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines