Financial reporting

African Bank Holdings Limited and African Bank Limited results for the six months ended 31 March 2018, published on 29 May 2018.

Business Update

  • A digital retail bank in the making
  • Solid progress on diversification
  • Core loans business performing well, Return on Equity 20.0%
  • Six month retail deposit growth of 90%

Customer Advances

  • Gross advances R26.9 billion
  • Reduced credit risk charge 11.1%
  • Conservative provisioning
  • Lower risk represents 80%  of advances 

Earnings

  • Group profit before tax and foreign exchange R715
  • Profit before tax and foreign exchange up 42% year-on-year
  • Group Return on Equity 9.6%

Balance Sheet

  • Cash resources R8.6 billion
  • Bought back  R1.9 billion
  • Core Equity Tier 1 ratio 32.6%

RESULTS SUMMARY VIDEO

2018

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RESULTS PRESENTATION

2018

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UNAUDITED INTERIM FINANCIAL STATEMENTS

2018

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UNAUDITED INTERIM FINANCIAL STATEMENTS

2018

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BASEL III PILLAR 3 REPORT

2018

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Financial Interim Transcript

2018

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