December 18, 2018 / 7:45 AM / 5 months ago

South African lender Nedbank's shares slip on news of probe into associate

JOHANNESBURG, Dec 18 (Reuters) - Shares in Nedbank, one of South Africa’s four largest lenders, fell by over 4 percent on Tuesday after a story in a local newspaper said Nigeria’s Financial Reporting Council had launched a probe into its West African associate Ecobank.

Nedbank holds a stake of around 20 percent in the Togo-based lender, whose performance often weighs on Nedbank’s results and share price.

Reporting by Emma Rumney Editing by Tiisetso Motsoeneng

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