AFRICAN BANK LIMITED - Release of the Full Year Basel III Pillar 3 report as at 30 September 2017, as prescribed by the Banks Act

Release of the Full Year Basel III Pillar 3 report as at 30 September 2017, 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 2017, as prescribed by the
Banks Act

African Bank is pleased to announce the release of the Full year Public Pillar 3 Disclosures, as at 30
September 2017, as prescribed in terms of the Banks Act (Act No. 94 of 1990) (the Banks Act),
Regulation 43.

The disclosures cover African Bank Limited 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 the African Bank’s website via the following url:
https://www.africanbank.co.za/en/home/investors/corporate/financial-reporting/

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 R10.1 billion. Liquidity risk,
interest rate risk and foreign exchange risk remains 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 2017, include
CET1 ratio of 29.9%, a leverage ratio of 24.8%, a liquidity coverage ratio of 964% and a net stable
funding ratio of 144% at the African Bank level.


1 December 2017

Debt Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

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