Financial reporting
African Bank Holdings Limited and African Bank Limited results for 30 September 2018, published on 27 November 2018
BECOMING A DIGITAL BANK
- Launch of Omni-channel
- Preparing for public MyWORLD account launch
- Successful launch of banking App to staff
- Traction on digital sales on all products
BALANCE SHEET
- Cash resources R8.2 billion
- Positive operational cash flow R2.0 billion
- Retail deposit growth > 200% to R1.1 billion
- Well positioned for IFRS9
CUSTOMER ADVANCES
- Gross advances R27.5 billion
- New credit disbursements R9.7 billion up 21%
- 50% improvement in credit quality over time
EARNINGS
- Group profit before tax and FX R1 453 million up 29%
- Reduced credit risk charge 11.7%
- Reduced net interest charge by R338 million
- Group Return on Equity 10.6%
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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