AFRICAN BANK LIMITED - ABKI - Release of the Interim Basel III Pillar 3 Report, as at 31 March 2020, as Prescribed by the Banks Act

ABKI - Release of the Interim Basel III Pillar 3 Report, as at 31 March 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
(“African Bank” or the “Bank”)


Release of the interim Basel III PILLAR 3 report, as at 31 March 2020, as prescribed by the Banks Act

African Bank is pleased to announce the release of the interim Basel III Pillar 3 report, as at 31 March
2020, (“Pillar 3 Report”), as prescribed in terms of Regulation 43 of the Banks Act (Act No. 94 of 1990)
(the “Banks Act”).

The Pillar 3 Report covers African 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 Pillar 3 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 R5.4 billion. Liquidity risk, interest
rate risk and foreign exchange risk are managed within a conservative risk appetite framework.

The overall impact of the strong balance sheet structure, as expressed in the conservative risk appetite,
is evidenced in the various sections of the Pillar 3 Report which, as of 31 March 2020, include CET1 ratio
of 30.0%, a leverage ratio of 25.0%, a liquidity coverage ratio of 743% and a net stable funding ratio of
132% at the African Bank level.

24 June 2020

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24-06-2020 08:01:00
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.