Financial reporting
African Bank Holdings Limited and African Bank Limited interim results for 31 March 2021, as published on 27 May 2021
MILESTONES FOR THE 2021 HALF YEAR
- Group returns to profitability in the six months, with 196% increase to R152 million
- Robust balance sheet with a strong liquidity profile and high available cash resources of R8.0 billion to support growth strategy
- High equity capital levels of R10.8 billion, resulting in a total group capital adequacy ratio of 43.6%
- Retail deposit growth of 126% year-on-year, resulting in R8.6 billion deposit book
- Rated best Contact Centre and Branch Network in the 2020 independent South African Customer Satisfaction Index (SA-csi) released in 2021
CUSTOMER ADVANCES
- Gross advances R27.115 billion; 8% lower year-on-year
- Provisioning coverage increased to 38.1%
- New loans disbursed show 32% increase in H1 21 compared to last six months ended 30 Sept’20. Conservative credit granting continues, however credit criteria relaxed of late.
- Improved credit loss ratio of 6.1%, from 12.9% a year ago.
EARNINGS
- Group profit after tax of R152 million (H1 20: R158 million loss)
- Resulting in positive 2.9% return on equity for the half year (H1 20: negative 3.0%)
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26 Jan 2021African Bank Holdings Limited Consolidated Annual Financial Results September 2020 - Integrated Report - Web Friendly
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26 Jan 2021African Bank Holdings Limited Consolidated Annual Financial Results September 2020 - Integrated Report - Print Friendly
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26 Jan 2021African Bank Holdings Limited Consolidated Annual Financial Results September 2020 – Governance Report (including Remuneration Report and King Code) - Web Friendly
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26 Jan 2021African Bank Holdings Limited Consolidated Annual Financial Results September 2020 – Governance Report (including Remuneration Report and King Code) - Print Friendly
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26 Jan 2021African Bank Holdings Limited Consolidated Annual Financial Results September 2020 - Presentation
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26 Jan 2021African Bank Holdings Limited Group Consolidated Annual Financial Statements September 2020
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24 Jun 2020African Bank Holdings Limited Consolidated Financial Results March 2020 - Booklet
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24 Jun 2020African Bank Holdings Limited Consolidated Financial Results March 2020 - Presentation
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24 Jun 2020African Bank Holdings Limited Group Consolidated Interim Financial Statements March 2020
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24 Jun 2020African Bank Holdings and African Bank Limited Basel III Pillar 3 Report March 2020
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28 May 2019African Bank Holdings Limited Consolidated Interim Financial Results March 2019
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28 May 2019African Bank Holdings And African Bank Limited Basel lll Pillar 3 Report March 2019
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28 May 2019African Bank Holdings Limited Live Recording Of Results Presentation March 2019
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27 Nov 2018African Bank Holdings Limited Consolidated Annual Financial Statement Sept 2018
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27 Nov 2018African Bank Holdings And African Bank Limited Basel lll Pillar 3 Report Sept 2018
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29 May 2018African Bank Holdings Limited Unaudited consolidated condensed interim financial statements March 2018
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29 May 2018African Bank Holdings Limited Unaudited condensed interim financial statements March 2018
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29 May 2018African Bank Holdings Limited Interim financial results presentation transcript March 2018
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01 Dec 2017African Bank Holdings and African Bank Limited Basel III Pillar 3 - December 2017
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01 Dec 2017African Bank Holdings Limited Audited Consolidated Financial Statements - December 2017
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23 May 2017African Bank Holdings Limited and African Bank Limited – Basel Pillar 3 Disclosures – 31 March 2017
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23 May 2017African Bank Holdings Limited Consolidated Interim Financial Statements – 31 March 2017