Financial reporting
African Bank Holdings Limited and African Bank Limited annual financial results for 30 September 2021, as published on 30 November 2021
MILESTONES FOR THE FINANCIAL YEAR ENDING 30 SEPTEMBER 2021
- Group returns to profitability for the year of R534 million (FY20: R27 million loss)
- Robust balance sheet with a strong liquidity profile and high available cash resources of R9.0 billion to support new growth strategy
- High equity capital levels of R11.2 billion, resulting in a total group capital adequacy ratio of 43.3%
- Retail deposit growth of 73% year-on-year, resulting in R10.3 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 R26.725 billion; 6% lower year-on-year
- Provisioning coverage maintained at 37.5%
- New loans disbursed show slight 2% increase in FY21 to 6 931 million. Strong collections and improved scorecards allow for measured relaxation of conservative credit granting criteria.
- Improved credit loss ratio of 4.9%, from 11.7% a year ago.
EARNINGS
- Group profit after tax of R534 million (FY 20: R27 million loss)
- Resulting in positive 4.9% return on equity for the year (FY 20: negative 0.3%)
RETAIL SAVINGS AND MyWORLD TRANSACTIONAL BANKING
- Significant retail savings deposit book growth of 73% to R10 315 million
- MyWORLD transactional accounts steadily increasing to 741 000 opened accounts (FY20: 388 million), of which 398 000 (FY20: 200 000) are funded accounts, a growth of 99% year on year.
- Transactional volumes rising to 17.3 million (FY20: 7.3 million), representing R24.5 billion (FY20: R8.7 billion) in value in current year.
Financial Results
Financial Statements
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27 May 2021African Bank Holdings Limited Consolidated Interim Financial Results March 2021 - Presentation
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27 May 2021African Bank Holdings Limited Consolidated Interim Financial Results March 2021 – Commentary booklet (Web friendly version)
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27 May 2021African Bank Holdings Limited Consolidated Interim Financial Results March 2021 – Commentary booklet (Print friendly only)
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27 May 2021African Bank Holdings Limited Group Consolidated Interim Financial Statements March 2021
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27 May 2021African Bank Holdings and African Bank Limited Basel III Pillar 3 Report March 2021
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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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