AFRICAN BANK LIMITED - ABKI - Release of the full year Basel III Pillar 3 Report as at 30 September 2021, as prescribed by the Banks Act

ABKI - Release of the full year Basel III Pillar 3 Report as at 30 September 2021, 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
(“African Bank” or the “Bank”)


RELEASE OF THE FULL YEAR BASEL III PILLAR 3 REPORT AS AT 30 SEPTEMBER 2021, AS
PRESCRIBED BY THE BANKS ACT

African Bank is pleased to announce the release of the full year Basel III Pillar 3 report, as at 30
September 2021, (“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.

The balance sheet of African Bank and the African Bank Holding company remains robust, with
advances appropriately provided for, significant capital adequacy and available cash holdings,
including surplus liquid assets of R9 billion in the group consolidated accounts. Liquidity risk,
interest rate risk and foreign exchange risks are managed within a conservative risk appetite
framework.

The overall impact of the solid balance sheet structure, as expressed in the conservative risk
appetite, is evidenced in the various sections of the Pillar 3 Report which, as of 30 September
2021, includes a CET1 ratio of 41.7%, a leverage ratio of 30.3%, a liquidity coverage ratio of 1260%
and a net stable funding ratio of 156% at the African Bank level. Consequently, African Bank and
African Bank Holdings Limited operate well above the minimum required regulatory levels in
respect of all prudential ratios.

30 November 2021

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

Date: 30-11-2021 08:00:00
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