Financial reporting
African Bank Holdings Limited and African Bank Limited interim results for 31 March 2020, as published on 24 June 2020
MILESTONES FOR THE HALF YEAR
- Robust balance sheet with a strong liquidity profile and high available cash resources of R5.4 billion
- High equity capital levels of R10.5 billion, resulting in a total group capital adequacy ratio of 40.1% (post Covid-19)
- Retail deposit growth of 158% year-on-year to R3.8 billion deposit book
- 10% increase in the number of unique customers over the past 6 months
- Opened over 258 000 MyWORLD accounts to date
- Rated #1 in customer service in the 2019 independent South African Customer Satisfaction Index (SA-csi)
CUSTOMER ADVANCES
- Gross advances R30 billion – up 3% year-on-year
- Provisioning coverage increased to 36.4% post Covid-19 specific adjustments
- New loans disbursed down 25% year-on year due to conservative credit granting resulting from weakening macroeconomic environment
EARNINGS
- Group loss after tax of R111 million post Covid-19 adjustments
- Pre Covid-19 group profit after tax of R503 million, down 6%
- Covid-19 specific charges totaling R853 million processed in the group, reducing after tax profits by R614 million
Financial Results
Financial Statements
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Our most recent and archived financial reporting can be found below.
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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