AFRICAN BANK LIMITED - ABKI - Release of the quarterly Basel III Pillar 3 report, as at 30 June 2020, as prescribed by the Banks Act

ABKI - Release of the quarterly Basel III Pillar 3 report, as at 30 June 2020, as prescribed by the Banks Act

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
(the “Bank” or “African Bank”)

Release of the quarterly Basel III Pillar 3 report, as at 30 June 2020, as prescribed by
the Banks Act

African Bank is pleased to announce the release of the quarterly Basel III Pillar 3 Report as
at 30 June 2020 (the “Report”), as prescribed in terms of Regulation 43 of the Banks Act
(Act No. 94 of 1990), as amended (“Banks Act”).

The Report covers the Bank and its holding company, African Bank Holdings Limited, a
registered bank controlling company registered under Section 44(1) of the Banks Act.

The full version of the Report can be accessed on the Bank’s website via the following url:
https://www.africanbank.co.za/ under Regulatory Announcements – Basel Pillar III
Announcements within the Investors section of the website.

The overall balance sheet of the Bank remains strong, with advances well provided for and
high capital adequacy ratios. Cash and surplus liquid asset holdings amount to R6.1 billion.
Liquidity risk, interest rate risk and foreign exchange risk continue to be conservatively
managed.

The overall impact of the strong balance sheet structure, as expressed in a conservative risk
appetite, is evidenced in the various sections of the Report which, as of 30 June 2020,
includes a Core Equity Tier 1 ratio of 29.7%, a leverage ratio of 24.5%, a liquidity coverage
ratio of 379% and a net stable funding ratio of 129% at the African Bank level.

28 August 2020

Debt Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 28-08-2020 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.