AFRICAN BANK LIMITED - Release of the Full year Basel III Pillar 3 report as at 30 September 2018, as prescribed by the Banks Act

Release of the Full year Basel III Pillar 3 report as at 30 September 2018, 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 Full year Basel III Pillar 3 report as at 30 September 2018, as prescribed by the
Banks Act

African Bank is pleased to announce the release of the Full year Public Pillar III Disclosures (“the
report”), as at 30 September 2018, as prescribed in terms of the Banks Act (Act No. 94 of 1990) (the
Banks Act), Regulation 43.

The disclosures cover 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 report can be accessed on the African Bank’s website via the following url:
https://www.africanbank.co.za/en/home/corporate-info-basel-pillar-iii-announcements/

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 R8.2billion. Liquidity risk,
interest rate risk and foreign exchange risk remains conservatively managed.

The overall impact of the strong balance sheet structure, as expressed in the conservative risk
appetite, is evidenced in the various sections of the report which, as of 30 September 2018, include
CET1 ratio of 31.5%, a leverage ratio of 27.0%, a liquidity coverage ratio of 871% and a net stable
funding ratio of 144% at the African Bank level.

27 November 2018

Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

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