AFRICAN BANK HOLDINGS LIMITED - African Bank -Release Of The Quarterly Basel IIII Pillar 3 Report As At 30 June 2024, As Prescribed By The Banks Act

African Bank -Release Of The Quarterly Basel IIII Pillar 3 Report As At 30 June 2024, 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 2024, 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 2024, ("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.

In line with the Excelerate25 Group strategy, the balance sheet of African Bank and the
African Bank Holding Limited now reflects a diversifying and scaling operation, with
advances appropriately provided for, a strong capital adequacy position and adequate cash
resources of R8.4 billion at the group level. Liquidity, interest rate and foreign exchange
risks are managed within the Group's approved risk appetite framework.

The key prudential ratios as at 30 June 2024 for both, ABHL and African Bank, operate well
above minimum required regulatory levels.

3 September 2024

Debt sponsor
The Standard Bank of South Africa Limited

Date: 03-09-2024 05:00:00
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