AFRICAN BANK LIMITED - ABKI - Release of the Full Year Basel III Pillar 3 Report as at 30 September 2022, as Prescribed by the Banks Act

ABKI -  Release of the Full Year Basel III Pillar 3 Report as at 30 September 2022, 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 FULL YEAR BASEL III PILLAR 3 REPORT AS AT 30 SEPTEMBER 2022, AS
PRESCRIBED BY THE BANKS ACT

African Bank is pleased to announce the release of the full year Basel III Pillar 3 report, as at 30
September 2022, (“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 balance sheets of African Bank and African Bank Holding Limited remains robust, with
advances appropriately provided for, significant capital adequacy and available cash holdings,
including surplus liquid assets of R2.8 billion in the group’s consolidated accounts. Liquidity,
interest rate and foreign exchange risks are managed within a conservative risk appetite
framework.

The overall impact of the solid balance sheet structure is evidenced in the various sections of the
Pillar 3 Report which, as of 30 September 2022, includes a CET1 ratio of 43.1%, a leverage ratio
of 35.2%, a liquidity coverage ratio of 582% and a net stable funding ratio of 144% at the African
Bank level. Consequently, African Bank and African Bank Holdings Limited operate well above the
minimum required regulatory levels in respect of all prudential ratios.

29 November 2022

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

Date: 29-11-2022 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.