AFRICAN BANK LIMITED - ABKI - Release of the quarterly Basel III Pillar 3 report, as at 31 December 2018, as prescribed by the Banks Act

ABKI - Release of the quarterly Basel III Pillar 3 report, as at 31 December 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 quarterly Basel III Pillar 3 report, as at 31 December 2018, as prescribed
by the Banks Act

African Bank is pleased to announce the release of the quarterly Basel III Pillar 3 Report as
at 31 December 2018 (the “Report”), as prescribed in terms of Regulation 43 of the Banks
Act (Act No. 94 of 1990), as amended (“the 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 R8.2 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 31 December 2018,
includes a CET1 ratio of 29.0%, a leverage ratio of 24.5%, a liquidity coverage ratio of 772%
and a net stable funding ratio of 140% at the African Bank level.

28 February 2019

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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