AFRICAN BANK LIMITED - ABKI - Release of the Quarterly Basel III Pillar 3 Report as at 30 June 2023, as prescribed by the Banks Act

ABKI - Release of the Quarterly Basel III Pillar 3 Report as at 30 June 2023, as prescribed by the Banks Act

AFRICAN BANK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2014/176855/06)
LEI: 254900UUEMIK0XL5A056
Company code: ABLI
(“ABHL”)

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 QUARTERLY BASEL III PILLAR 3 REPORT AS AT 30 JUNE 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 30
June 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, 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 the ABHL remain strong, with advances appropriately
provided for, strong capital adequacy and adequate cash resources of R6 billion at the group level.
Liquidity, interest rate and foreign exchange risks are managed within our approved risk appetite
framework.

The overall impact of the balance sheet structure remains setup for expansion in business. The
key prudential ratios as at 30 June 2023, includes a CET1 ratio of 33.06%, a leverage ratio of
22.83%, a liquidity coverage ratio of 1179% and a net stable funding ratio of 145% at the African
Bank level. Consequently, African Bank and ABHL operate above the minimum required regulatory
levels in respect of all prudential ratios.


1 September 2023

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

Date: 01-09-2023 01:00:00
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.