| Wed 15 Mar 2017, 16:00 | | AFRICAN BANK LIMITED - Release of the quarterly Basel III Pillar 3 report as at 31 December 2016 as prescribed by the Banks Act |
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ABK1 ABK2 ABKI01 ABKI02 ABKI04 ABKI03 ABKS1 ABK5 ABK3 ABK10 ABK11 ABK12 ABK9 ABK4 ABK7 ABK8 ABK6 201703150033A
Release of the quarterly Basel III Pillar 3 report, as at 31 December 2016, as prescribed by the Banks Act
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
(“the Bank” or “African Bank”)
Release of the quarterly Basel III Pillar 3 report, as at 31 December 2016, as prescribed by the
Banks Act
African Bank is pleased to announce the release of the quarterly Public Pillar III Disclosures as at 31
December 2016 (“the Report”), as prescribed in terms of Regulation 43 of the Banks Act (Act No. 94
of 1990), as amended (“the Banks Act”).
The disclosure covers the Bank and its holding company, African Bank Holdings Limited, a registered
bank controlling company registered under Section 44(1) of the Banks Act.
The full version of the report can be accessed on the Bank’s website via the following url:
https://www.africanbank.co.za/about-us/investors
The overall balance sheet of the Bank remains strong, with advances well provided for, high capital
adequacy and total cash holdings of R 11.03 billion. Liquidity risk, interest rate risk and foreign
exchange risk are also conservatively managed.
The overall impact of the strong balance sheet structure, as expressed in a conservative risk
appetite, is evidenced in the various sections of the report which, at the Bank level as at 31
December 2016, includes a CET1 ratio of 33.9%, a leverage ratio of 22.3% and a liquidity coverage
ratio of 410%.
15 March 2017
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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