AFRICAN BANK LIMITED - Release of the Quarterly Basel III Pillar 3 Report, as at 31 December 2017, as Prescribed by the Banks Act

Release of the Quarterly Basel III Pillar 3 Report, as at 31 December 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 quarterly Basel III Pillar 3 report, as at 31 December 2017, as prescribed by the
Banks Act

African Bank is pleased to announce the release of the quarterly Public Pillar 3 Disclosures as at 31
December 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/en/home/investors/regulatory-announcements/market-
announcements/

The overall balance sheet of the Bank remains strong, with advances well provided for, high capital
adequacy ratios. Cash and surplus liquid asset holdings amount to R9.2 billion. Liquidity risk, interest
rate risk and foreign exchange risk continue to be 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, as of 31 December 2017, include a
CET1 ratio of 31.7%, a leverage ratio of 25.6%, and a liquidity coverage ratio of 2 086% at the African
Bank level.

28 February 2018

Debt Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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