AFRICAN BANK LIMITED - ABKI - Release of the Half Year Basel III Pillar 3 Report as at 31 March 2023, as Prescribed by the Banks Act

ABKI - Release of the Half Year Basel III Pillar 3 Report as at 31 March 2023, as Prescribed by the Banks Act

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
LEI: 2549008X8SL1B1J86F98
Company code: ABKI
(“African Bank” or the “Bank”)


RELEASE OF THE HALF YEAR BASEL III PILLAR 3 REPORT AS AT 31 MARCH 2023, 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
March 2023, (“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
(“ABH”), 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 balance sheet of African Bank Holdings Limited and African Bank remains strong, with
advances appropriately provided for, strong capital adequacy and available cash holdings.
Liquidity risk, interest rate risk and foreign exchange risks are managed within our approved risk
appetite framework.

The overall impact of the strong balance sheet structure is evidenced in the various sections of
this report which, as of 31 March 2023, includes a CET1 ratio of 33.1%, a leverage ratio of 23.5%,
a liquidity coverage ratio (LCR) of 716% and a net stable funding ratio (NSFR) of 140% at the African
Bank level. Consequently, African Bank and African Bank Holdings Limited operate above the
minimum required regulatory levels in respect of all prudential ratios.

07 June 2023

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

Date: 07-06-2023 08:55:00
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