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Ecobank ‘grew too fast’, says top shareholder

A customer at an Ecobank ATM. Questions are being raised over the bank’s rapid expansion plan. (Photo:Courtesy)

By Standard Correspondent

Nairobi, Kenya: Pan-African lender Ecobank grew too fast in a short space of time, its biggest shareholder said, potentially signaling a slowdown in the rapid expansion that has taken the financial institution to 35 countries.

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