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Nedbank misses targets as recession bites

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The banking group expects earnings for the year ahead to be in line with subdued economic growth.

Nedbank lifted by Ecobank recover

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While the bank’s West African-associate weighed on 2017 earnings, a turnaround last year helped mitigate challenging conditions at home. Nedbank has benefitted from a turnaround at its Ecobank Transnational International (ETI) associate as growth in its home market continues to stagnate.

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