AFRICAN BANK LIMITED - Release of the quarterly Basel III Pillar 3 report, as at 30 June 2017, as prescribed by the Banks Act - ABKI

Release of the quarterly Basel III Pillar 3 report, as at 30 June 2017, as prescribed by the Banks Act  - ABKI

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 quarterly Basel III Pillar 3 report, as at 30 June 2017, as prescribed by the Banks Act

African Bank is pleased to announce the release of the quarterly Public Pillar III Disclosures as at 30
June 2017 (“the Report”), as prescribed in terms of Regulation 43 of the Banks Act (Act No. 94 of
1990), as amended (“the Banks Act”).

The disclosure covers the 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 report can be accessed on the Bank’s website via the following url:
https://www.africanbank.co.za/about-us/investors

The overall balance sheet of the Bank remains strong, with advances well provided for, high capital
adequacy and cash holdings of R 9.5 billion. Liquidity risk, interest rate risk and foreign exchange risk
are also conservatively managed.

The overall impact of the strong balance sheet structure, as expressed in a conservative risk
appetite, is evidenced in the various sections of the report which, at the Bank level as at 30 June
2017, includes a CET1 ratio of 28.2%, a leverage ratio of 22.5% and a liquidity coverage ratio of
2139%.


3 August 2017

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

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