African Bank Annual Report 2017

African Bank Annual Report 2017

African Bank Annual Report 2017African Bank Holdings Limited and African Bank Limited results for the six months ended 31 March 2018, published on 29 May 2018.

This is the second integrated report of the African
Bank Holdings Limited Group, incorporating our wholly
owned subsidiaries African Bank Limited and African
Insurance Group Limited, collectively ‘the Group’ or
‘the Bank’. We believe that by reporting in an integrated
manner we can provide our stakeholders with the
information that they need to make informed decisions
about our business. The aim of this report is also to
demonstrate how African Bank has and will create value for its stakeholders.

Some issues discussed are:


  • 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%


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


  • 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%


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