• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Nedbank to convert Ecobank loan

Feb 26 2013 08:07
Reuters

Company Data

NEDBANK GROUP LIMITED [JSE:NED]

Last traded 182
Change -2
% Change -1
Cumulative volume 1073376
Market cap 0

Last Updated: 27-05-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Nedbank full-year profit up 19%

Nedbank warns of car scam

Nedbank pulls Lenasia support

Nedbank ups revenue

Nedbank: Bank costs hard to assess

Nedbank is SA's most expensive bank

 

Johannesburg - Nedbank Group [JSE:NED] expects to exercise its right to an acquire Ecobank stake as early as November and will pay for the deal out of its own cash, its chief executive said on Monday.

Nedbank lent its pan-African counterpart $285m, which it has the right to convert into equity. Chief Executive Mike Brown made the comments at a presentation of the bank's full-year earnings.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

nedbank group  |  ecobank  |  banks

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...