AFRICAN BANK LIMITED - Release of the full year Basel III Pillar 3 Report as at 30 September 2019, as prescribed by the Banks Act

Release of the full year Basel III Pillar 3 Report as at 30 September 2019, 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 2019, AS PRESCRIBED
BY THE BANKS ACT

African Bank is pleased to announce the release of the full year Public Pillar III Disclosures, as at 30
September 2019, 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 full report can be accessed on African Bank’s website via the following                               url:
https://www.africanbank.co.za under the “Investors/Financial reporting” 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 R5.6 billion. Liquidity risk, interest rate
risk and foreign exchange risk remain 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 2019, include a Core Equity
Tier 1 ratio of 31.8%, a leverage ratio of 26.2 %, a liquidity coverage ratio of 511% and a net stable funding
ratio of 135% at the African Bank level.


06 December 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

Date: 06-12-2019 08:00:00
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